Date Posted: April 6, 2020
COVID-19 continues to have an impact on the real estate market, but realtors have adjusted to the new normal and come up with creative ways to assist their clients who still need to buy or sell a home.
Though the number of Open Houses are declining some creative means being used by realtors include; facetiming and Zoom. Zoom has become a more popular medium for realtors at the moment as it allows you to use the platform for open houses, initiate listings, and do virtual viewings.
In the past week there were 1997 listings in the Ottawa area that resulted in 346 home sales. For the same period in 2019 there were 522 home sales. There is a gap emerging year-over-year and one can tie that directly to the effects of Covid-19 and its impact on the spring market.
A consistent message from many realtors at the moment is that if you do not need to sell your home do not list it – wait!