Despite Everything Going On, We Are Still Seeing Slightly, Barely, More Home Buyers in 2020


Despite Everything Going On, We Are Still Seeing Slightly, Barely, More Home Buyers in 2020
By Scott Rogers • 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. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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