Given that there are even fewer new listings during the pandemic, home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy.
A quarter of Realtors® with clients putting contracts on homes this week had at least one do so without physically seeing the property, according to a new survey from the National Association of Realtors®.
NAR prepared a comprehensive overview of the bill and is offering separate, evolving guidance to help its members navigate the crisis.
Nearly half of Realtors® – 48% – said home buyer interest has decreased due to the coronavirus outbreak. However, 69% of Realtors® said there’s no change in the number of homes on the market.