Currently Reading

5 Charts Showing Coronavirus' Effects on Home Sales

Advertisement
Coronavirus Resources and Information

5 Charts Showing Coronavirus' Effects on Home Sales


April 16, 2020
Housing Aerial
By icholakov

When the first shelter-in-place orders started coming through, some home sellers rushed to delist their houses.Though that trend is slowing down, some local markets are still experiencing a decline in inventory. Moreover, the overall health of the housing market is a far cry from the start of year’s optimism: Properties are spending more time on the market, home prices are stagnant, and pending sales are in free fall as they plummet 54 percent year-over-year, according to Redfin. See Redfin’s five charts that show where the housing market stands today. 

As Americans grow accustomed to a new reality under quarantine, fewer people are delisting their homes, properties are sitting on the market for longer and growth in home prices has officially hit zero, according to research from Redfin.

Here are five charts that illustrate the latest developments in the housing market as the coronavirus pandemic continues to upend residential real estate and the spring home buying season.

The Rush to Delist Is Slowing

Americans are still removing their homes from the market at a higher rate than they were at this time last year, but at a significantly lower rate than they were several weeks ago. During the week ending April 10, delistings rose 68% year-over-year to 20,544 homes, down from 148% during the final week of March.

Read More

Related Stories

Market Data + Trends

More Buyers than Average are Purchasing Suburban Properties

The shift from urban centers to less dense areas continued on through October, according to the National Association of Realtors (NAR). For those…

Market Data + Trends

Is Urban Flight to the Burbs Golden?

The future of urban and suburban housing post-COVID-19

Construction

Local Data Lists Jobsites as Top Spot for COVID-19 Outbreaks

Construction jobsites have appeared to be much safer against COVID-19, but a multitude of reports and data are saying otherwise. Construction Dive…

Advertisement

More in Category




Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.