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
6 Responses to Quick Video Report – Corona Crisis Impact on Phoenix Real Estate Market
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?
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