To say that the Month of March has been an interesting one, would be an understatement. I've had some people reach out to me over the past couple of weeks; they want to know how the Real Estate Market is handling the pandemic of COVID-19.
What I can tell you is that it's not 'business as usual' as far as our day-to-day actions and workload is concerned. A lot of our 'normal' work that requires face to face meetings with clients has taken a very swift and virtual move.
Things that we would periodically make use of, we now solely rely on. The use of video chats to view homes, health questionnaires before entry to a listed property, new statements and conditions for our paperwork and emailing paperwork for electronic signatures.
It's different, but as an essential service in an environment that changes hourly, it's working. Real estate professionals are here during this time to assist in sales that need to happen but also to be here to assist in closing the homes that have already been sold and firming up any deals that were on-going when COVID-19 hit.
So, you ask; "what’s going on in the Real Estate Market?" Here are some Acton specific statistics to consider
March 1, 2020 - March 31, 2020
19 Properties listed on MLS
13 of those homes listed between March 15 – March 31, 2020
4 of those homes have sold firm at between 99%-103% of ask price
3 of those homes have adjusted their price
1 has decided to terminate their listing
I hope you are all healthy, keeping up on your social distancing and know that we are all in this together. Be kind to one another.
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