While we deal with the COVID-19 pandemic, people are still wondering what is going on with the Real Estate market. Just as with all other industries, we are having to take this day by day.
Before I get into any more details, I need to preface this message to say that we are in unprecedented times. While housing is still a need, we need to take precautions like never before. So, please, I urge you to heed all of the safety advice that is being distributed by the authorities, doctors, and people who are otherwise ACTUALLY ‘in the know’.
To sum up in five words: Real Estate is still happening. I took a quick glance on the Multiple Listing Service (MLS) to see what has been happening in our area. These numbers haven’t been audited, but I feel that they are accurate, Here is the activity for the dates between Friday March 20, 2020 to Monday March 23, 2020.
| Hunterdon County |
| 17 New Listings |
| 11 Under Contract* |
| 9 Sold (Closed) |
| Somerset County |
| 34 New Listings |
| 28 Under Contract* |
| 28 Sold (Closed) |
*Under Contract is a seller who has received and accepted an offer from a buyer, and the contract has been successfully reviewed by both Buyer and Seller attorneys (with certain rare exceptions when buyer and/or seller are not using an attorney)
So, in addition to the conversations I am having with people, the answer is “YES”. People are still out there actively engaged in the process of buying and selling homes.
I’ve also included an infographic to summarize some of the precautionary ways that we as Realtors are still able to help people during the pandemic.
Again, I will stress that this is all day-by-day. What information I’m presenting to you now might be different tomorrow. So, feel free to stay in touch if you have any questions as we all move through this situation together.
Stay safe, healthy, and happy, everyone.
