It has been a challenging time for everyone during the events of past weeks, and all are looking forward to getting back to more normal routines, warmer weather and outdoor activities. Although we may not know what the potential impact may be on the real estate market for some time, our market analysis of the 1st quarter of this year reflects a general consistency in real estate sales across our area. Real estate transactions continue - not necessarily at the rate of the majority of the 1st quarter of this year - but buyers and sellers are still active.
The ability to go through the typical buying and selling process has definitely been altered by 'stay-at-home' compliance, but we've adapted in ways so we can provide required information to keep consumers informed of their current options; and work collaboratively with other real estate professionals like lenders and attorneys to help close transactions. In the meantime, and before 'stay-at-home' orders are lifted, buyers are able to utilize online technologies to help them with their property searches; and sellers are coordinating with their agents in preparation to actively list their properties when the appropriate time comes. Realtors are still working full-time, just remotely, for now.
For more detail about the market and activity over the first 3 months of this year, as compared to last year during the same time period, you will find our full report here.