March 2020 numbers still look good despite the COVID-19 pandemic.
How is that? The houses that closed in March were already under contract before we were issued a Stay At Home Mandate. We will see the real effect of this pandemic when we look at the April numbers. I will tell you that we have seen a 50% decrease in showings, so expect some not so good news in April.
All that being said, as a whole, the industry feels that housing will bounce back quickly when this is over. There are a lot of pent up buyers that will be ready to make a move as soon as they can move around freely without worry about getting sick.
Average sales prices in March 2020 remained steady year over year at $267,822, and there was a slight rise in List to…