If you're considering buying or selling a home right now, you're likely wondering what impacts COVID-19 and the resulting economic uncertainty have had on the real estate market.

Are home values tanking?  Are people still looking at homes despite virus concerns?  Are people putting their homes up for sale and letting strangers in to see them?

We're detailing what we're seeing first hand, as these nearly unprecedented circumstances have lead to some unexpected outcomes.  

In Summary

While both listing and sales activity have declined, they've declined by fairly proportionate amounts.  Proportionate reductions in both supply and demand are resulting in little to no impact on sales prices in general, with some market segments actually heating up.  

This is reflected in the lack of any significant change in average price per square foot, average sales price, or price negotiations as compared to the same period last year.

There has been a marked increase in buyer activity in the first time buyer and move up buyer segments.  Many buyers are reporting that they're looking now because stay at home orders and school closures have made their current living arrangements difficult.  

Specifically, buyers are including home offices, private pools, and fenced yards in their criteria for their new home with greater frequency.