When the first quarter real estate market statistics came out many economists and real estate professionals stated they weren’t an accurate reflection of what is happening in real estate because the numbers mainly represent pre-COVID 19 activity as the effect of the outbreak did not manifest itself until the last month of the quarter. In fact, the Governor’s Stay-at-Home order, which has since been amended to allow most normal real estate activities within the CDC social distancing and disinfection standards, was not issued until March 25th.
The amount of interest in buying and selling real estate has surprised many real estate brokers. As they reach out to those they know just to check in on a personal basis, they hear more questions about buying and selling in this market than they were expecting. And while many buyers and sellers are waiting to see what the future holds a significant number are moving ahead with their real estate acquisition or selling plans.