Despite plenty of bad news over the past several weeks, there are plenty of reasons to remain positive. For those interested in purchasing or selling a home in the area, signs point to a strong, renewed real estate market post-pandemic.
2020 started off strong for real estate with home sales, remodeling, and home building up 21% during the first quarter. While the second quarter has seen both a decrease in inventory and sales with both sellers and buyers being cautious to see how the situation would play out, it appears that home prices will remain strong, according to Lawrence Yun, Chief Economist for the National Association of Realtors. (To learn more about what Yun had to say, see this article from Florida Realtors.)
Once the economy opens up further, we will see more homes on the market. To be ready for that moment, let’s set up a time to talk! That way, you will be able to take advantage of new listings quickly or get your home up for sale faster as things return to normal.