In light of these unusual times I just wanted to shoot you a slightly different report including some information we have gathered from various sources pertaining to the effects of the coronavirus on the real estate market.
Showing Activity in General
Showing activity is down as are the pending listings but they are are not tracking each other exactly. There are fewer showings but the buyers that are out there are presumably more serious (which you will see in the chart published by the star tribune earlier this week - below). You will notice different price points are being affected differently as well.
That combined with sellers possibly re-financing and staying where they are or waiting for things to blow over may present an opportunity for…
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