Infographics, interactive data visualizations, and visual stories
In April 2020, pending home sales were down 33.8% year-over-year.
Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedent rise in unemployment.
April 2020 brought 4.33 million in sales, a median sales price of $286,800, and 4.1 months of inventory. The median sales price is down 17.2% year over year, and inventory is down 0.1 months from April 2019.
Home showings increased substantially in February as a result of current economic conditions. According to CDC data, the number of coronavirus (COVID-19) cases in the U.S. escalated in the second half of February so any effect on home buying has not shown up in the February foot traffic.