YTD Home Buying Activity Slows Slightly in 2020
Scott P. Rogers
This is my first weekly check-in with contract activity where we're seeing a slight decline in contract activity in 2020 as compared to 2019.
The data...
- 426 buyers signed contracts between 1/1/2019 and 4/23/2019.
- 414 buyers signed contracts between 1/1/2020 and 4/23/2020.
So, slightly fewer buyers have contracted on homes this year (to date) as compared to last year (to date).
Is it significant? No, at least not at this point.
There has been a 2.8% decline in buyer activity in 2020 -- which is a relatively small decline given how much of our daily lives has temporarily changed due to COVID-19.
Happy Friday, and I'll check in on this metric again about a week from now.
