Are Buyers Still Out Looking for Homes?
This afternoon I met with nervous, soon-to-be home sellers. They were curious if the latest orders surrounding the pandemic precautions by Governor Northam in Virginia had slowed down buyers from house hunting. I’m sure they are not the only future home sellers wondering this.
For starters, the initial shelter-in-place order the Governor put in place in Virginia in the spring had nothing to do with real estate, which was considered an essential business. Even then, when this was a fresh, new, scary thing buyers were out in droves looking for homes.
Fast forward to now, December. Real estate is still considered essential. Buyer demand, even during this holiday season, is out of control. And to boot, the panic button seems to be have been pushed a little too often to really have much of an effect on buyers. Those that need a home still need a home. Those that want to buy while rates are ridiculously low, still want to buy. The world has not collapsed, nor hospitals in Northern Virginia overcrowded during this pandemic since the beginning. Buyer demand is still strong and buyers are unafraid to get out and see homes in person.
Want to know how more about current market conditions in your neighborhood, city or county? Give me a call and let’s talk.
The opinions expressed in this blog are those of Chris Ann Cleland, not Long & Foster.