The Stay-At-Home orders in place around the DMV, and the pandemic situation overall have obviously had a significant impact on the real estate market. However, we are still seeing homes being listed, and we are still seeing buyers out making offers.

There remains a surprisingly steady level of market activity, with only the most serious sellers and buyers out there at the moment.

Overall, listings in the region are down 30-40% compared to this time last year, so the even lower inventory means most properties continue to move quickly. More serious buyers and lower inventory have kept home values from seeing any real decreases yet, but there is certainly not the same level of competition for buyers as there was just a month ago.

If you are, or were, thinking about buying a home this year, now could really be the chance to do it without having to jump through some challenging hoops and push above your target price point.

What will happen over the next few months is anyone’s guess. We have been tracking the news just as everyone has, but only time will tell if we will be able to Flatten the Curve and get back to our normal routines soon, or if this will draw out longer then we all hope it will.

In the meantime, we’ll keep you posted with as much information as we know and we’re always here to answer any of your real estate related questions. Stay safe. #alonetogether