If you are a regular reader of this blog you know that I love numbers and actual facts. Fear and superstition and hearsay just doesn’t work for me.
The chart below shows appointments for private tours of home for sale. In the states that requiring residents to stay home, there is a 50 to 70% drop in showings. This means people are staying home and some sellers don’t want people in their houses right now. Usually this time of year we see an increase in the number of showings when we look at numbers month over month.
People in Minnesota are supposed to stay away from each other but not required to stay home. Some businesses are open and I know that there were open houses last weekend too. As of yesterday, our MLS isn’t going to allow open houses to be entered into the MLS . . but I am sure there will be some opens because real estate emergencies.
So far I am not detecting any slow down in how many houses are going on the market or in buying activity. Our current situation isn’t like the crash back in 2008 that lead to the recession. We are in uncharted territory which is why I like looking at numbers.