We were off to a strong start in 2020. The number of new listings of homes for sale was up. Then came Covid-19 and the stay at home order. Even though there were layoffs home buying continued at a strong pace.
The number of homeowners who wanted to sell declined. It can be challenging to stay home 26 hours a day and I definitely have clients who have decided to wait to put their house on the market.
Here is a look at weekly listing activity from the Minneapolis Area REALTORS for the Twin Cities region.
We were off to a strong start at the beginning of the year. I made a red line where Minnesota stay at home order started. It is possible that we will see more homes being put on the market in the fall and winter unless that is when the second wave of COVID-19 hits.