Here’s the latest data on how the pandemic has affected the market this March.

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We’re really only a month into this pandemic (here’s to hoping it subsides quickly), so it’s admittedly hard to extrapolate any general trends in the real estate market right now. We can, however, look at the data available to us, so today I’m offering a quick analysis of March 2020 as compared to March 2019.

As you’d imagine, there’s been a slowdown, but likely not as severe as you’re expecting. Here’s our comparison:

March 2019
507 Closed Sales
566 Under Contract
859 New Listings

March 2020
543 Closed Sales (Up 7.1%)
493 Under Contract (Down 12.8%)
858 New Listings

Though we’re all dealing with uncomfortable levels of uncertainty right now, our team is still able to help folks buy and sell real estate with heightened safety measures and virtual showings.

If you have any questions, don’t hesitate to reach out at (843) 481-2225 or send an email. We’d be happy to hear from you.