Prices holding steady: With stable inventory on the market, sellers are receiving multiple offers at or above asking price - most within 10 days or less.
COVID-19's impact on buying and selling during a time of socially distant real estate transactions has really put digital buying technologies to the test, the result? According to a survey by Realtor.com consumers have really warmed up to the idea of purchasing a home without actually visiting it in person.
Key second-home markets like Palm Springs have seen demand trends accelerate in response to COVID-19. Riverside County saw its views per property growing at 34% year-over-year in May, up from just 6% in January post-COVID-19.
According to a May Zillow survey: 36% say they’d buy a home entirely online and 43% would sell a home entirely online
Virtual Tour real estate sales and zoom or FaceTime buyer consultations are now standard practice.
Virtual tours climbed by nearly 600% last month. Listings with 3D tours attracted 66% more visitors & 90% more saves in April.
Virtual tours allow for buyers to look at homes over and over again. Resulting in fewer or no buyers walking in your home.
To learn more on how we are committed to making buying and selling homes easier in this climate please contact us directly at Geo@GeoLouis.com for additional resources and tools to guide you through these times.