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
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)
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)
MONTHLY SINCE COVID-19
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