#1 - Open houses are back!
Masks and social distancing are still required, and all buyers must sign in and declare they haven’t recently had or been around anyone with COVID-19 symptoms. But buyers are no longer required to make an exclusive appointment to see a home.
#2 - Almost 60% of pandemic homebuyers moved to a new city within the same state, and often to a less populous city/area.
#3 - Nationwide, almost 50% of homes sold for more than their list price.
That’s up from 1 in 4 this time last year. Of those sales, homes received an average of five offers, and 25% were cash.
#4 - The sale of high-end homes surged 26% from February to April, versus 15% for mid-priced homes. Prices of high-end homes also saw a considerable jump, up 14%.
#5 - For nearly one-third (31%) of millennial first-time homebuyers recently surveyed, the ability to save extra money during the coronavirus pandemic helped them accumulate the money needed for a down payment.