Do you know how the Coronavirus is Affecting Real Estate? – July 2020 Market Update

Right now inventory is drastically low.  It is still a sellers market.  Homes are coming on the market and selling FAST with multiple offers. So if you are thinking about selling, ACT NOW to net the most.  We do not  know how much longer this type of market will last.

Let’s face it,  we do not yet know the long term affects the virus will have on the economy.  We are seeing unemployment rise as business close or scale back.  Eventually, that will affect the number of buyers out there looking.

With that being said, let’s compare numbers from April, May, and June 2019 to April, May and June 2020 so you can see just how huge the difference is…
In Bucks County, we saw a drastic drop in Pendings in April and May.  In June as things opened up we saw the number of Pendings jump up compared to 2019.

In Montgomery County, we see the same  drastic drop in Pendings in April and May.  In June as things opened up we saw the number of Pendings jump up compared to 2019.

In Philadelphia Co –  we see the same  drastic drop in Pendings in April and May.  In June as things opened up we saw the number of Pendings jump up compared to 2019.

Over in NJ in Mercer County we saw a slight drop in Pendings in Aprail and May.  In June, we saw the number of Pendings rise up slightly compared to 2019

In Burlington County – Again we saw a slight drop in Pendings in April and May.  In June we saw the number of Pendings rise up slightly compared to 2019.

In Camden County – we saw a slight drop in Pendings in April and May.  In June we saw the number of Pendings rise up slightly compared to 2019.

NJ’s numbers did not fluctuate like PA’s numbers did because PA was the only state where real estate was considered non essential.  NJ was still allowed to sell homes.

Since, demand is so high and inventory is so low.  We have amped up the level of publicity for our “Coming Soon” Homes.  We have 2 hitting the market the week of the 6th with both taking full advantage of our “Coming Soon Campaign.”  We are going to kick off showings with a sneak peak the morning of the homes going active on Facebook live.   So Join Us!

The first one is going to be a unique opportunity to purchase in Pennsbury School District for $250,000 with low taxes on July 6th at 9:30 am.  Click here for the Event Link for 637 Main St in Tullytown.

Our second one is a gorgeous well maintained Colonial in Neshaminy Schools on July 8th at 10:30am.
Click here for the Event Link for 882 Henry Ave in Langhorne.

My job as an expert Realtor,is to do everything in my power to publicize the home to drive up demand.  High Demand = Highest Selling Price & Sellers in Control of Negotiations. 

If you are thinking about selling, contact me.  I offer a Free 30 min – No Obligation Consultation where I walk through the home and give you tips and tricks on what do to get it ready for the market.
Many of my proven tips and tricks I suggest for sellers are outlined in my upcoming book:
“How to Net the Most When You Sell.”
Which will be released in the next few months and available on amazon!

I am also excited to share with you that I will be on the cover and featured story in:
Bucks County Real Producers
which is a local Realtor magazine for the top 300 Realtors in the area in September.

– Christina Swain, “Your Realtor in Red”
The Swain Team
TheSwainTeam@gmail.com / 215.757.7257