As restrictions in many states are easing from shelter-in-place, I want to share some positive news. Over the last two weeks, we've seen the number of homes going into contract trending upward in most of our markets.
Below you'll find real-time data from 17 of our markets reflecting an increase in newly under contract inventory. There are a few items I wanted to highlight for you:
In regions that have lifted restrictions over the past 2 weeks, there is a notable uptick in properties going under contract
In many areas where restrictions are not lifting, inventory levels remain low and we've seen new properties being held back from coming to the market until restrictions lift
Our Compass data showcase activity as it is happening, not after sales have closed which provides you with real-time data
By utilizing Compass technology, I have access to curated real-time market analysis based on your specific needs and interests and the details of our market. Please do not hesitate to reach out should you have any questions, or if you would like to chat.