Summary Southern California has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes dropped 45.6% YoY in May Median prices were slightly higher in May compared to the same period last year The drop in sales coupled with increasing supply has resulted in increased inventory Sales […]
Summary Miami’s real estate market is showing signs of recovery from April’s sales slump Pending sales surged by 86% and new listings grew by 57.4%, bringing inventory levels slightly lower than last month’s. Total sales closed declined by 8.3% but numbers are expected to recover as pending sales are finalized Median property prices dropped slightly […]
Summary: Total properties sold declined 4% YTD compared to 2019 New listings declined 25% YTD compared to 2019 Property prices have increased 10% YoY The economic impacts of the novel coronavirus have been acute and far-reaching. In Portland, the full effects of COVID-19 on the City of Roses’ real estate market are coming to light. […]
Summary The number of new listings increased 29.2 % in May from April suggesting sellers are returning to the market. Sold prices dropped between 3-4% in May from April. All counties experienced a drop in sales in May 2020 versus May 2019; but sales increased in all but King County from April to May 2020. […]
Summary The average sold price of detached homes in the Greater Toronto Area increased by 5% in May from April but decreased 0.9% year-over-year (YoY) Sales of detached homes have decreased 50.6% YoY, but increased 52% in May from April Increases in the number of new listings and detached home sales, as well as rises […]
Summary Calgary’s real estate market is showing signs of recovery as COVID fears start to ease for both buyers and sellers. Total residential property sales and listings in May have rallied a remarkable 89% and 70% respectively from April’s record lows. Despite gains in May, the market has not yet completely recovered: May sales have […]
Summary: The median sold price of detached homes in Metro Vancouver dropped 3% from pre-COVID (Jan 1 – Mar 15) to post-COVID (Mar 16 – May 31); but increased by 0.3% since April A decline in median assessed value and average size of detached homes from pre- to post COVID suggests buyers’ are showing a […]
The Greater Seattle Area has experienced one of the largest COVID-19 real estate market slow-downs in the US. Under contract listings reached their lowest-point on April 2, down 49% from pre-COVID levels. As of May 5, that number had increased by 56% from April 29 levels, which was 7% above pre-COVID levels. Median prices were […]
Southern California has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY. Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by figuring out […]
San Francisco’s Bay Area has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY. Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by […]
