What happened? According to John Pasalis, president of Realosophy statistics tracking, the number of sales also jumped by mid-March by 18% year on year. Although it is less than 55% a week before. The supply also increased: 3% a week ago and 50% a week earlier, reports The Star.
Causes. According to Pasalis, people are definitely trying to sell their homes as soon as possible. But he does not believe that the jump in sales and new deals in the second week of March was associated with a pandemic.
Prospects. Nevertheless, despite the stability of the market, many real estate professionals expect a slowdown in activity in the future. Especially due to the fact that buyers can not see the property. Although Australian realtors have solved this problem by organizing home screenings online. Kadan realtors are ready to conduct video conferences and virtual tours.