Buyers Shopping Outside Urban Areas

Over the last several weeks, we’ve been sharing with you reports that in the wake of the virus crisis buyers are looking to move to more open spaces. Here’s more evidence of this apparent shift in buyer behavior.

According to the industry newsletter HousingWire, new data released last week by realtor.com showed that listing views in suburban ZIP codes grew 13% in May, nearly doubling the pace of growth in urban areas.

“After several months of shelter-in-place orders, the desire to have more space and the potential for more people to work remotely are…contributing to the popularity of the ‘burbs,” explained Javier Vivas, director of research for realtor.com.

“Suburban interest in May outpaced last year’s July peak, which could indicate even stronger interest in the suburbs as the summer home-buying season continues to heat up,” he added.

This is good news for Cape Cod homeowners, who have been thinking about selling their property. With inventory still below last year’s levels, competition should be strong for well priced and effectively marketed homes.

If you’re undecided as to whether this is the right time for you to jump into the current market and upsize, downsize or move to that “someday” neighborhood, we’d be happy to assist you in reviewing your options. We can meet virtually or at a safe distance. Let’s connect at 508-568-8191 or [email protected].

Industry standards have changed regarding Open Houses. This graphic lists some of the new procedures that are being adopted across the country in consultation with sellers.

At Today Real Estate, we’ve been working in pairs during an Open House.

One person stays outside collecting information for contact tracing and sharing details about the property, while the other is stationed inside conducting tours and insuring that appropriate protocols are followed. Only one buyer and/or family is allowed in the house at a time to further insure everyone’s safety.

Masks are required at all times. Booties and other precautions are at the discretion of the homeowner.

Just a reminder that if you’re thinking about selling or buying, our summertime guides are now available. Please visit our secondary website and click on the option for either guide in the banner. (Or maybe both??). They’re delivered via email. If you have any questions after reviewing a guide, please don’t hesitate to contact us. (508-568-8191 or [email protected])

Thanks…

Stay healthy. Stay optimistic.

Mari and Hank