Takeaways
- Number of for-sale houses hitting the market down a bit
- BUT number of houses listed for sale up 20% from two week earlier
- Number of houses going under contract to buyers down 14%
- Recent sales haven’t been hit by Corona because they were already in escrow when Corona hit
- BUT in next few weeks we’ll see Phoenix sales fall as the pre-Corona escrows move through the pipeline and we start to see he impact of fewer houses going under contract to buyers
Thanks for the video!
Thanks for the comment!
Good post. keep the videos coming.
Thanks, Steve!
I think home prices could take a 15% hit because of this. Ugh
Bruce, how do you see it playing out? Down 15% by when?