Survey Shows Calmness and No Panic Selling By Sellers
Nearly 3 in 4 REALTORS currently working with sellers this week – 74% – reported their clients haven’t reduced listing prices to attract buyers according to a new survey from the National Association of REALTORS. This suggests interested home sellers are remaining calm and avoiding panic selling during the uncertain economic environment brought about by the coronavirus pandemic.
“Consumers are mostly abiding by stay-in-shelter directives, and it appears the current decline in buyer and seller activity is only temporary, with a majority ready to hit the market in a couple of months,” said NAR Chief Economist Lawrence Yun.
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