The market's bouncing back from isolation

Dated: August 1 2020

Views: 4

If you think that the Coronavirus has led Southern Californians to stop buying and selling properties, you’d find many people to agree with you—but the numbers don’t bear out that expectation. The volume of house sales pending in our area took a dive during March and April, but bounded back up in May and June, and the current market numbers are looking like a normal summer, with prices trending slightly upward. You’ll find more details about the national market in this article.

The rise in June pending sales indicates that many sellers and buyers successfully identified partners for a transaction during the “safe at home” isolation of April and May. So, while of course it is important to proceed using reasonable precautions against infection, there’s no reason to postpone buying or selling just because COVID-19 is still on the loose.

Would you like to be in a new home this year? Now is a great time to make it happen, and I promise to keep you safe during the process.

Blog author image

DAVID DUNLAP

As a residential real estate executive with an extensive background in corporate marketing, I am able to apply unusually strong skills in marketing communications, e-marketing, strategic planning and ....

Latest Blog Posts

An opportunity you shouldn't miss

When I set up an appointment for the home inspection at the beginning of escrow, my buyer clients frequently ask if it’s necessary for them to be there. The answer is that their presence is

Read More

Renting vs. Owning: how to add it up

I’m holding an open house at an entry-level condo this weekend, so I polished up one of my older fact sheets to share with first-time buyers. It’s a series of spreadsheets you can use to

Read More

Start packing!

Most people start packing and getting rid of non-necessary belongings somewhere toward the end of escrow, when it has become clear that they really are going to move. Shifting that task to the front

Read More

How to inspire success

When I attended my high school reunion last month, I had the chance to tour the campus, which had seen many improvements since the time when I was there every weekday. One striking spot was the

Read More