flexiblefullpage - default
Currently Reading

Homebuyers Ready to Rumble in Reopened States, But Sellers Still Unsure

billboard - default

Homebuyers Ready to Rumble in Reopened States, But Sellers Still Unsure

May 12, 2020
couple masked in house moving boxes
By Angelov

After months of really getting to know all the limitations of their current housing situation, potential homebuyers with the financial ability to buy are back on the prowl for a new house, according to CNBC. But sellers are not as eager. Open houses have returned in some of the states that are reopened, but local housing markets are still not back to normal as Realtor.com reports that listings fell 39 percent annually for the week ended May 2. Experts point to sellers being still unsure about inviting strangers into their home as being a factor in their reservations. 

At a two-hour open house in Atlanta on Saturday, about  a dozen mostly masked families toured the six-bedroom, six-bathroom, newly built home priced at just over $3 million. Noah Graubart and his wife were looking for something close to their children’s new elementary school. 

“It seems like the number of houses on the market had kind of paused,” said Graubart, who toured the home with his wife and daughter. They were all wearing masks, as a precaution against the coronavirus, and pleased that the open house wasn’t exactly packed. “As long as it’s not crowded. I would have waited until other people came out.”

The number of for-sale listings plummeted in April, as both buyers and sellers dropped out of the market as a result of the pandemic. For the week ended May 2, total listings were down 19% annually, and new listings were down 39%, according to realtor.com.

Read More

Related Stories

Housing Markets

Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale

While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis

Market Data + Trends

The Biggest Hurdle for Housing Is Seller Hesitation, Experts Say

Elevated borrowing costs are currently affecting both homebuyers and sellers, with buyers hesitant to spend and sellers unwilling to list and sacrifice the lower rates they've locked in on their current homes

Government + Policy

Bipartisan House Bill Aims to Incentivize Home Selling

The More Homes on the Market Act seeks to amend the sales gain tax exclusion to bring more homes into the for-sale market

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

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
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.