Market stats reported are Year To Date through March, 31 2020. This data provides a baseline of activity before COVID19 restrictions were put in place. April stats will give us a mix of contracts before and during restrictions and it will be May stats where we truly see the impacts of supply/demand and home values from the COVID19 pandemic .
March data shows: An increase in demand compared to last year, a decrease in supply compared to last year resulting in an increase in home prices.
This info is averaged across the Metro area, some segments of the market are hotter than others! Not everything is flying off the market and anecdotally I’ve noticed the highest demand for homes that are remodeled with the finishes Buyers desire most. The majority of Buyers want a home they can move into with little to no work.