We’ve had a few new listings come on in December and prior to the “big snow” we were getting activity for showings. It seems practically no one is out looking at homes while the weather has been so bad. I don’t blame them, I’ve been cooped up inside quite a bit myself this past week and a half but thankfully a fair amount of my job can be done over the phone and online. But, showing homes is not something you can do virtually, even with all the best photos and tours available.
Since December 16th the local real estate market input has taken a big dive in terms of the number of listings coming on market, we’ve been averaging about 500 a day for several months now and the past week has been under 200 per day. Price drops have been still outpacing new listings but even those are down. It’s not uncommon though for things to quiet down this time of year as many agents choose to slow their practice, partly due to friends and family commitments. But, I’ll say that the snow has definitely put a damper on any real estate business going on.
What’s been your experience?
