Sellers Are Preparing to Sell
More than 3 in 4 potential sellers-77%-are preparing to sell their homes following the end of stay-at-home orders, with half completing do-it-yourself home improvement projects. The survey also finds that nearly 3 in 4 REALTORS® currently working with sellers this week-73%-reported their clients haven't reduced listing prices to attract buyers.
On May 3-4, NAR conducted a flash survey of members on the impact of the coronavirus on their market. The survey was delivered to a random sample of 90,964 members. 13% of members reported that buyers have changed their search criteria for home features. Most common were home office, yard, and more space to accommodate an older adult, new baby, or a new pet.