Despite unprecedented challenges we’ve seen in the real estate market with Covid-19, MLS data is indicating upward momentum and a positive outlook for brokers, agents, and consumers.
MLS Data Indicates a Solid Recovery in the Housing Market
New listings are gaining ground, as MLS data reports show a healthy increase in the market within the Stellar coverage area over the past four out of five weeks.
Stellar has partnered with our vendors to bring you timely solutions to keep your deals moving if you still have buyers and sellers who are not comfortable with an in-person activity. Be sure to review the latest vendor resources on our CV-19 page.
2020 Pending Sales Outpace 2019 Stats
Pending sales are currently outpacing 2019 YOY reports. Compared to the current year, we see double-digit gains when comparing the current week to the prior 4-week and 8-week data sets. All signs point to an improving real estate market!
Takeaways
As market indicators continue to see a favorable trend, for brokers, this may be an opportune time for you to recruit new talent that has been displaced from other industries. For agents, now may be a convenient time to test out those marketing tools you were learning about during lockdown. Sellers can still expect top dollar for their homes as the inventory remains competitive, and buyers are out looking again (with low-interest rates prompting action, too).
Stellar MLS is committed to your success by bringing you innovative solutions, actionable data, and support. If you need assistance with your Stellar MLS subscription, contact our Support Center at 800-686-7451 or email support@stellarmls.com.
P.S. Have you heard about Stellar’s new class? Listing & Selling Virtually with MLS Tools is a new webinar that will show you how to leverage virtual MLS solutions to support your business from listing presentation to contract. Check your Stellar Portal for dates and times and to register.
Camille Lai
Marketing Specialist
Marketing Specialist