Home Prices During The Pandemic Pandemic chaos has shaken everyone; real estate is also not spared. People who are interesting in any kind of real estate transaction are wondering about the prices during the pandemic! So, if you are the one who is wondering the same then here are few things that you can keep in mind about the prices:
1. Don’t put all your eggs in one basket: Instead of putting all our eggs in one basket, reputed appraisers like Naftali Horowitz suggest watching multiple price metrics. In addition to the median price. You can also watch the average sales price and average price per square foot. 2. Get in tune with seasonal rhythm: You need to comprehend the seasonal rhythm of the market for it can help you spot what is normal and not. For example, the median price usually increases from March to April, but this year we saw the median price dip instead. What does this mean? We need time to understand it. You will witness prices softening in coming months. 3. Weekly & monthly check: Professional appraisers recommend looking into the market in monthly chunks along with watching the prices by the week. Though monthly data can help you better, you can’t neglect the weekly prices