Last week, both NABOR and BER released area April Market Reports. While no one would be surprised to learn that both reports reflected a drop in pending sales because of the pandemic, there were positive trends to note.
Like all essential service businesses, REALTORS implemented new technologies to improve “virtual access” for both home showings and closings.
For those who left their house on the market, prices largely held and even increased in two price categories. While it might take a number of months to get back to normal, we are encouraged by the uptick in pending sales for May.
– Mike Hughes, Downing-Frye Realty