Date Posted: April 11, 2020
COVID-19 continues to have an impact on the real estate market, but realtors are adjusting to the new normal and are coming up with creative ways to assist their clients who still need to buy or sell a home.
In the past week there were 2020 listings in the Ottawa area that resulted in 359 home sales. For comparison purposes, as of March 14th, 2020 there were 1327 home sales whereas the same period in 2019 saw 1694 home sales. Admittedly, more activity in March 2019, but the drop year-over-year was not as substantial as one would have thought especially during this trying time of Covid-19.
Realtors are using creative means to highlight their properties including; facetiming and Zoom. Zoom has become a more popular medium for realtors at the moment as it allows you to use the platform for open houses, initiate listings, and do virtual viewings.
A consistent message from many realtors at the moment is that if you do not need to sell your home do not list it – wait!