Real Estate In The Time of Coronavirus: Week 11 - The Numbers

6/8/2020

Real Estate In The Time of Coronavirus: Week 11 - The Numbers

The number of days that have passed since the beginning of the New York on PAUSE (March 23, 2020)

Another week has passed and so we'll take a look at the numbers for single family homes, condominiums and townhouses located in Monroe County.

As always, I am available to talk privately with you about your particular real estate situation. Call, text or FaceTime: 585-732-1767. Email: romecelli@realtor.com

The numbers are back on trend: Up.

This week we saw property listing inventory take a big jump compared to last week. As you can see from the graph property listing inventory is back on trend with a rise.
The number of properties under contract is also on the rise and on trend.

Let's not kid ourselves though. The "Success Rate" is still nearly 10% below last year's rate. I'm beginning to think this is a "tale of two markets" with one set of homes selling well and another set selling not-quite-as-well. What else could account for the disparity? The gap is narrowing.

Listing inventory is down just about 40% compared to last year.
The number of properties under contract is down about 48% compared to last year

We have a LONG way to go to catch up on the overall number transactions & $ volume of those transactions. I just don't think it's possible to catch up at this point in the calendar.

The information below includes single family homes, condominiums and townhouses located in Monroe County.