Southwest Metro Real Estate Snaphot - Early April 2020 (COVID-19)

By
Real Estate Agent with RE/MAX Results
https://activerain.com/droplet/5mSc

The Hardest Working Agent in the Twin Cities
 
(Summer drone shot of Lake Ann in Chanhassen, photo credit: Lennar)

COVID-19 IMPACT
Home showings down nearly 12% in Twin Cities in March Compared to 2019

 
The stats are showing us, that at least for the time being, the negative effects on real estate is marginal (11.8% less activity year over year) most likely due to historic low mortgage rates, a strong sellers market and pent-up buyer demand. Additionally, most real estate experts predict there will be more listings coming to meet the high buyer demand as the "stay at home" orders are lifted in later spring. 

In March of 2020 we are down 11% in the number of showing compared to March of 2019. Here is the link from Showingtime (be sure to select Minnesota from the drop down) with the data:
>>IMPACT of COVID-19 on REAL ESTATE SHOWINGS<<

 
4 Things to Note:
  • I haven't seen any lower prices up to this point.
  • Most homes are still selling within a few weeks of being on the market. 
  • I am watching it all, and will keep you informed every week. 
  • My hope for you and your family is to stay healthy and safe!

Please hit reply with any questions 
stieg@results.net

Call/Text Stieg 612-490-2121
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Rainmaker
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Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara

Apr 09, 2020 10:43 PM #1
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Rainmaker
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Stieg Strand

Always showing up and working hard for you
I am ready to help you, just let me know how...
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