Fun Facts • Market News • Windermere Real Estate •
April 10, 2020
Inventory Drop
An impact we expected from COVID-19 to the housing market is reduced inventory. That prediction is certainly proving to be true.
In March, the number of withdrawn properties from the MLS went up 68% in Larimer County and 38% in Weld when compared to March 2019.
Reduced inventory is one reason why we don’t expect a significant drop in home prices in 2020. We don’t see a glut of housing supply dragging prices down.
So how are properties being sold now? Virtually! We are helping people view homes using virtual 3D Tours and live online walk-throughs.
Our business right now is certainly not business as usual and our industry has proven to be resourceful so we can still help people with urgent real estate needs.