Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Thursday, April 16, 2020
We're now about a month into dealing with the impact of COVID-19 on our lives, society, work, employment, finances, and yes, housing market.
As shown above, despite everything that is going on, there have still been more buyers signing contracts thus far in 2020 (379 of them) than we saw either of the past two years (376, 355).
That said, the gap is shrinking, and it seems likely that cumulative buyer activity in 2020 might (?) fall behind 2019 at some point in the next few weeks.
I'll continue to track this data from week to week to see how COVID-19 is or is not impacting the amount of home buying activity we are seeing in our current market.
The same two notes apply from last week...
- The graph is based on data of when buyers sign contracts, not when they close on their purchase. So this is as real time of data as we can get.
- If a buyer contracts to buy a house and then that deal falls apart such that the property is actively for sale again, that (now non-existent) contract is not counted in the data above.
If you have questions about how all of this relates to your plans for potentially buying or selling a home, feel free to reach out by sending me an email - scott@hhtdy.com.
