This Summer Is The 2020 Real Estate Season
“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.”
Buyer Showing Appointments in NJ Have Returned To 2019 Levels
Buyer Home Showing Appointments
New Listings and Under Contract Listings In Our Local MLS Have Returned To Pre-Covid-19 Levels
Inventory Levels Are Still At Historic Lows. Inventory Levels Control Pricing And This Is The Reason We Have Not Seen A Housing Crash.
Redfin.com reported,
“41% of Offers Faced Bidding Wars In Late April, Early May Amid Pandemic”
