Taking a look at real estate activity for the last month, it’s easy to see that the market has picked up considerably. The number of new homes coming on the market has increased dramatically, in some towns doubling or even tripling. With the easing of restrictions making it easier for in-person viewings, we’ve also seen a rise in the number of buyers in the marketplace. On the homes our office has listed this month, across all price ranges, we had numerous showings with serious buyers, resulting in multiple offers on each property. Agents who are working with buyers are reporting the same situation across the board - limited inventory makes for a competitive market.
Even before restrictions were lifted we could gauge the increased interest levels by the rise in visitors to our website. Despite the economic slowdown caused by the pandemic, we know that people are still interested in moving house - our web traffic has been increasing steadily since the end of March and our listings pages have seen exponential growth over the past few weeks. We predict a busy few months ahead, as pent-up demand coupled with fewer available homes pushes the traditional Spring Market into the summer months.
So what does this mean for you? Well, if you were waiting for restrictions to ease before putting your home on the market, you should know that we are now able to facilitate safe in-person showings and open houses. We also have many technology tools at our fingertips to enable buyers to view homes online, cutting the amount of “window shoppers” you might get at an open house. With many serious and motivated buyers out there, interest levels are high across all price ranges. Now is a great time to schedule a listing consultation with an experienced agent - they can take you through a comparative market analysis and discuss how to safely get you moving.