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What’s Ahead for Real Estate?

What's ahead for real estate? Is now a good time to buy or sell?

Traditionally, spring is one of the busiest times of the year for real estate. However, the coronavirus outbreak and subsequent stay-at-home orders led many buyers and sellers to put their moving plans on hold. In April, new listings fell nearly 45%, and sales volume fell 15% compared to last year.

Fortunately, as restrictions have eased, we’ve seen an uptick in market activity. And economists at Realtor.com expect a rebound in July, August, and September, as fears about the pandemic subside, and buyers return to the market with pent-up demand from a lost spring season.

But given safety concerns and the current economic climate, is it prudent to jump back into the real estate market?

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