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State of the Market June 2020

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Despite unprecedented challenges we’ve seen in the real estate market with Covid-19, MLS data is indicating upward momentum and a positive outlook for brokers, agents, and consumers.

MLS Data Indicates a Solid Recovery in the Housing Market

New listings are gaining ground, as MLS data reports show a healthy increase in the market within the Stellar coverage area over the past four out of five weeks.

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Stellar has partnered with our vendors to bring you timely solutions to keep your deals moving if you still have buyers and sellers who are not comfortable with an in-person activity. Be sure to review the latest vendor resources on our CV-19 page.

2020 Pending Sales Outpace 2019 Stats

Pending sales are currently outpacing 2019 YOY reports. Compared to the current year, we see double-digit gains when comparing the current week to the prior 4-week and 8-week data sets. All signs point to an improving real estate market!

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Takeaways

As market indicators continue to see a favorable trend, for brokers, this may be an opportune time for you to recruit new talent that has been displaced from other industries. For agents, now may be a convenient time to test out those marketing tools you were learning about during lockdown. Sellers can still expect top dollar for their homes as the inventory remains competitive, and buyers are out looking again (with low-interest rates prompting action, too).

Residential Real Estate is considered an essential service and we are here for you and we will be compliant with all CDC regulations.  You are safe with us! So, if you are ready to sell your home, Call the TAMPA BAY real estate professionals, Linda & Craig Nowicke at Inside Tampa Homes and let them assist you in getting your home STAGED, PHOTOGRAPHED and SOLD for the highest possible price!  

CONTACT THEM TODAY at 813-728-3880 or 813-675-5030 or: Linda@InsideTampaHomes.com or Craig@InsideTampaHomes.com

Data and images provided by Stellar MLS

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