3 Reasons Why the Housing Market Recovered From Covid-19 Accelerated migration and relocation is one reason for the real estate market faring so well during Covid. Real estate platforms show that urban consumers viewing suburban homes online is about 50% higher than last year. Data has shown that urban sellers are listing their homes at a higher rate than suburban sellers. Meanwhile, the inventory in suburban areas has declined by about 40% from last year. In 2020, there was an estimated shortfall of about 4 million new construction homes due to the pandemic. Many sellers also hunkered down and did not sell due to the pandemic. This shows that demand is outpacing supply for suburban homes and the migration trend is real.
Via: https://scottandlisahomes.com/five-ways-the-pandemic-changes-the-realestate-market/