COVID-19 has impacted all our lives in one way or another. Before the shelter-in-place order was given the Real Estate Market was thriving. Demand was high and there was a healthy supply of homes available for buyers to purchase. Homes were selling and people were moving.
Since that time we have seen both demand and supply take a predictable dive. Statistics in real estate lag behind the reality of what is happening. As you know when a house is listed for sale it takes time to market and sell. From start to finish it could take 60-90 days or more to complete.
So the real estate statistics will not look good, but that is not the future, only a glimpse of where we have already been. We in the real estate industry are already feeling the resurgence in the market. Calls and inquiries from buyers and sellers are increasing daily. People are getting back to work and the economy is ramping up once again. The economy will move again, and so will people. There are peaks and valleys in life and in real estate. The real estate market has been in one of those valleys, but I see the mountains ahead, and I see the real estate market charging up it.
I am reminded of a verse from Ecclesiastes 3:1 “To every thing there is a season, and a time to every purpose under the heaven” We have been in a very trying season, but the season is changing.