Covid19 Effect on Real Estate

Dated: 06/22/2020

Views: 185

The past few months have been trying for many folks including myself. When Covid19 started to become an issue I had a wife who was 8+ months pregnant and a 2 year old boy at home. Once qaurantine orders kicked in we were forced to take safety measure like anyone else but I was still working. I had a listing on the market and another one on the way. Despite wanting to scale things back I had clients who needed to move during this uncertain time and I was able to help them through it. I sold 3 listings during Covid and put 2 buyers in new homes. 

Now that things are easing up around Texas people have been asking me what was the effect of Covid19 on the market? So far the answer is really none. Buyers are still buying and sellers are still selling. Homes that were selling fast before Covid19 are selling fast now. The market looks unphased by all measurable statistics. Pending home sales are right in line with what they were to start the year and sales prices are the same.

What we have changed is less hand shakes and more awarness of our germs. There are more virtual showings and virtual business in general. 

Is this the end of the Covid19 threat to Real Estate? No way! There is still alot to learn in the coming months as to how Covid19 will effect the US economy and the housing market. For now though; its business as usual. 

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Brad Vincent

My name is Brad Vincent and I have been a top producing Realtor for 10+ years.Real estate is my passion and I pride myself in providing the best service possible. I have a 100% client satisfactory rat....

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