March was a crazy month for many markets, including real estate. In the middle of March, the housing market saw a large and fast decline in buyer interest and home showings. The sudden rapid shift in real estate had many people wondering and still has them wondering, what the future of home sales will look like.
Buyers are Returning to the Housing Market – Are Sellers Ready in Parkland Florida?
It seems there is a silver lining in the dark cloud that loomed over home sales for a few months. Zillow, one of the largest websites for home listings, recently published a report stating that web-traffic of online listings of homes for sale has jumped to levels similar to spring markets of the recent past. Some may think this is because people are bored staying at home and they have found a fun way to pass the time by virtually touring dream homes. The recent increase in home showings has begun to increase as well giving us evidence that buyers are beginning to return to the housing market, they aren’t just browsing online listings for fun.
Another site, ShowingTime, recently reported that scheduled showings online (virtual) and in-person have steadily increased with each passing week beginning in mid-April. They showed there has been a 39% growth in home showings since the drop off just weeks before.
Both of these findings are showing the first positive change in the real estate market since March, and though the statistics are early ones, many predict it to steadily increase. Even with the number of interested buyers beginning to rise, it seems the number of homes for sale may not be meeting the demand. The number of homes for sale right now is still on the conservative side.
If you are thinking about selling your home, but are unsure if it would be a good idea to sell during the pandemic right now, it is a good time to talk with a real estate agent. Right now could be a very beneficial time to list. Listing a home for sale when there are fewer options on the market could make selling a much easier process.
Maybe you are concerned about people you do not know entering your home. Maybe having an agent bring in one or two people for a showing seems comfortable, but hosting an open house with several people coming in at once does not. That is completely okay and totally understandable!
We are very fortunate to have a wide range of technology and new innovative ways of showing homes to potential buyers now. There are more virtual marketing tools available to sell homes than ever before. Even during times of social distancing homes are being sold.
I would love to share my virtual listing tools and online marketing strategies with you. I have a number of great ways to help you sell your home during this time as more and more buyers are beginning to search for homes and returning to the housing market in the Parkland, Boca Raton, and Coral Springs areas.
If you are interested in selling your Parkland, Florida home please contact me right away. I am a highly experienced real estate agent with extensive knowledge about the Parkland, Boca Raton, and Coral Springs communities.