Last Updated: 05/10/2021 – 2:16 PM
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.
As illustrated, the number of homes listed for sale per week dropped dramatically at the end of March 2020 after the stay-at-home advisory was enacted. Though the number of homes listed did eventually catch up and even beat the previous year, inventory remains tight as there’s more demand than supply.
The percentage of homes placed under agreement at the beginning of 2020 was higher than any other year, meaning that inventory was so low because buyers were consuming inventory as soon as it became available, which is the sign of a very strong seller’s market. 2021 has aggressively beat 2020 so far.
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.