COVID Housing Market Update for April

[James P. Hill]

Our Coastal NC housing market is chugging along!

Don't let the red arrow scare you or your friends, it is only 3 houses out of almost 600 houses for 2019 to 2020. It dropped 51 houses between March to April of this year. When comparing the months of March and April 2020 the upward trend has flattened, but isn't dropping off the charts like the stock market. 

Buyers and sellers had to learn new ways of doing business and understand that the safety precautions have shifted too. 

 I always report the facts and share the background knowledge of what is changing and trending in the market.

The month of April is significant because it is the first full month of statistics showing the health of the local housing market and economy. 

What conclusions do you draw from these numbers? 

What trends do you think are likely to continue? 

How do you anticipate the months of May and June comparing to our spring market?