A quick look at home buyer activity

graph if home showings
Home showings in Minnesota

The chart shows how many tours of homes have been requested for Minnesota home buyers. I put a blue line to mark when the Minnesota stay at home order, which is in effect until May 18, 2020, started.

Homebuyers are out there looking. Tomorrow I’ll have some numbers for home sales in April in St. Paul.

As always I wish I had a crystal ball. For now, if you are concerned about the value of your home don’t be. Home values are not declining if anything they are rising. There are two forces at work here, supply and demand.

 

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