The showing activity over the past week on CIR’s listings….is up?? We estimate the amount of showings to have declined approximately 80% compared to where we would normally be for April. While the showings are substantially lower than what would be considered normal for an April market, they have increased 27% week over week with the highest uptick of activity being in the $200,000 – $400,000 price ranges. We could speculate that this activity could be due to investors and first time buyers still making moves in the market. The sales have continued to lag behind the decreased showing activity as we are currently seeing 50% less sales in the first two weeks in April compared to the same time period in 2019. While it is too early to tell if we have hit a baseline for showings, we will continue to monitor to keep everyone informed.
CIR Realty