As much of Saline County tries to recover from the economic impacts of COVID-19, our Real Estate sector is among the industries hoping to lead the way. Our industry will be able to do that because we never took a dip. Real Estate is fortunate to be considered essential so we were able to work. Sales closely matched last years and Home prices have remained steady. Though some sellers decided to hold off listing their homes, the buyers were staying the course and still putting homes under contract.
Here are some numbers for homes sold in Benton/Bryant schools-
Sold in March 2020 172
Sold in April 2020 123
So you see that despite everyone being under self quarantine, the local Real Estate market has weathered the virus pretty well. We accomplished this by using technology to allow for Virtual Showings, signing documents with e-signatures and respecting Sellers space when we were in their homes for actual showings. In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days.
While many realtors switched to virtual showings and assessments during heightened COVID-19 restrictions, making such a large transaction does benefit from a more personal approach.
Buyers want to physically get through properties just to have that feel, because pictures, video it only tells you so much. At the end of the day, you really have to see a property and go through a property to get a feel for if it’s right for you.
And May is taking of like a rocket. There’s no question this last week, week-and-a-half we’ve had tons of conversations with buyers and sellers that are definitely looking to get going. I would say it is a Sellers market right now because inventory is tight, but as we come out of this more Sellers are rushing to put their home on the market as they feel that they have missed the spring buying season.
The Bottom line is that if you are a Buyer or Seller, Saline County has it going on in the Real Estate market. The only way to move forward is to move forward! If you are a Seller, contact me for a Complimentary Market Analysis on your home. If you are a Buyer, let’s talk about what you are looking for and what you priorities are. Either way, we are selling Saline County one home at a time and you need to be part of it!
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