With all that is going on in the world right now, it is hard to predict what is going to happen in the next few weeks within the Real Estate industry. With that said, as we dive into the market statistics of March, we are encouraged about what we see happening in the housing market. But let’s take a closer look…
From March 8th through March 19th, we currently see 681 active properties in Central Virginia, but that number is most likely higher as some of the homes that were listed during this time might have gone under contract. There were 892 properties that went pending over that same time period…892! This tells us that the housing market has remained strong through this time, largely in part due to the low interest rates and some still able to afford purchasing, even with the uncertainty of what may come. Only time will tell if this path will continue, but from the statistics we are seeing, it should continue to hold strong throughout COVID-19. Take a look below to see our graphs.
We at Small & Associates pride ourselves on our use of technology and our ability to adapt. We are here for you, our clients, for the community, and we are keeping everyone in a positive thought. If you have any questions about the current state of the market, or about listing or buying during this time, do not hesitate to reach out.
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