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COVID-19 has impacted the real estate market mainly by causing substantially fewer sellers to list their homes for sale. Below are some graphs that show the initial decrease in various market activities and then their recovery on a weekly basis.
Last Updated: 5/18/2022 – 8:36 AM
HOMES LISTED PER WEEK
As illustrated, the number of homes listed in 2022 so far has remained lower compared to previous years, and those that do get listed don’t stay on the market for long with anxious buyers jumping on listings as soon as they hit the market. Inventory remains tight as there’s more demand than supply.
(Weekly data run for Sunday-Saturday)
SNAPSHOT OF HOMES FOR SALE EACH SATURDAY IN MA
The graph illustrates the number of homes for sale every Saturday. As you can see, 2022 is showing historically low numbers for available inventory as demand has cannibalized most of the available supply.
(Weekly data run for Saturday)
SINGLE FAMILY INVENTORY
The available inventory of single-family homes also sits at historically low levels so far in 2022. Single-family homes are the highest in demand and are therefore being purchased almost as quickly as they’re listed. This, coupled with the fact that single-family homes are not being listed as much, has contributed to these low inventory numbers week after week.
(Weekly data run for Saturday)
HOMES PENDING PER WEEK
The number of homes placed under agreement (contracts accepted) in 2022 has been lower when compared to previous years, corresponding with the lower number of listings placed on the market.
(Weekly data run for Sunday-Saturday)
HOMES SOLD PER WEEK
The graph illustrates the number of homes sold per week. 2022 is expected to follow similar trendlines to 2021.
(Weekly data run for Sunday-Saturday)
PERCENT OF PENDING HOMES OUT OF TOTAL INVENTORY PER WEEK
The percentage of homes placed under agreement in 2022 is aggressively beating years past as buyers continue to consume inventory at an impressive rate.
(Weekly data run for Sunday-Saturday)
30 YEAR FIXED MORTGAGE RATES
Mortgage rates have been the lowest in recorded history during the Covid pandemic, but as of spring 2022 are now back up to pre-pandemic levels. Visit our mortgage calculator – Click Here
Source: Mortgage News Daily
AVERAGE SELLING PRICE PER MONTH
Prices for homes in 2022 are substantially higher than in previous years. Prices increase when demand is high and supply is low. This chart is updated in the middle of every month.
MONTHLY SINCE COVID-19
Click the link below to access our COVID-19 Real Estate Resources, COVID-19 Mortgage Resources, REAL SAFE Real Estate Initiative, and NH Real Estate Updates.