Seven things to watch in real estate during a pandemic
April 14, 2020 By Ryan Lundquist
1) Listings: We often think about listings increasing as a way to see the market changing, but right now many markets across the country are seeing fewer new listings. So at times change is best seen with less of something rather than more. It’s not a surprise to see fewer new properties during a pandemic, right?…
7) Prices: In real estate we are so obsessed with prices, but that’s really the last place to look to see the market. What I mean is change happens first in the areas above before showing up in sales stats a couple months down the road. In short, for now the slower pandemic trend hasn’t infiltrated sales price figures as of yet in Sacramento. This doesn’t mean the market is stable in every price range and location. All I’m saying is regional and county stats don’t show price declines right now. Normally I pull monthly price data, but I’ve switched to weekly in order to see the trend sooner rather than later.
To see the other 4 factors plus lotsa graphs and many appraiser comments , click here
Pandemic and market for buyers and sellers: Appraisals(Opens in a new browser tab)
Very, very funny appraisal video!!(Opens in a new browser tab)
To read about lots more appraisal topics, continue reading below!