What crazy times were living in folks! One day we hear that the shelter in place (SIP) will continue late into the summer, and the next day they say that it could be lifted by the middle of May. One thing I know for sure, is that Humboldt will continue to stay strong. If our county can survive the exodus of the lumber industry in the 60's, I think we will be able to stay afloat during the current economic tailspin. Thanks to the Redwood curtain, we have managed to traverse the last couple of weeks with only a handful of new COVID-19 cases and hopefully that trend continues until we come up with a solution. In the meantime, life rolls on in the real estate world. Since the SIP was rolled out, we have seen a steady stream of about 30 new listings a week, 30 pended properties a week and 30 closings a week for the past five weeks. Those numbers are about half of our typical averages for this time of year. It is a widely held belief among local brokerages that all of those numbers will shoot back to normal a week or two after the SIP is lifted. There is a chance that those numbers then come back down a little once sellers realize that a portion of buyers need more time to recoup their financial stability. All of these theory's are just that, theory's. All of this is unprecedented so please don't quote me on this, just prevailing thoughts that have been circulating around our local real estate market. If you have questions and want to more about our current market and how were dealing with these roadblocks please contact me today!
