Many industries have no doubt been impacted by the COVID-19 pandemic, with many businesses within them unfortunately closing entirely.
And while the uncertainties of the pandemic may have you on the fence about making any real estate moves in the near future, it’s important to know that Metro DC home sales are soaring despite the global health crisis.
The real estate market in the DC Metro area is currently reporting higher than average sales, according to the Washington Post, which is a definite upswing since sales took a dive in March of this year.
Two factors, such as increased safety precautions and the still-historically-low interest rates, gave the real estate market a much needed push over the summer and it has continued strong into the fall— and likely will stay on that path toward the end of 2020.
Increased safety measures include listing appointments that went virtual—with FaceTime tours and even 3D tours online replacing in-person showings. Closings transitioned to being held in parking lots and outdoor locations to keep clients as comfortable as possible.
It seems it took just a matter of weeks before Metro DC real estate professionals learned how to operate safely, tweaking their processes for home buyers and sellers, and continue on despite the pandemic.
The real estate industry is indeed adapting to a new normal, and Metro DC home buyers and sellers are following suit.
If you’re considering buying or selling your home in the Washington DC area, let our team of experts at The Estridge Group walk you through it! It may seem like an overwhelming task to accomplish given the current climate, but we are happy to help you navigate every detail both confidently and seamlessly.
We look forward to hearing from you!