As you will see in News From Nexus our April newsletter — business is still happening in real estate…even though it’s not “business as usual.” And if you haven’t seen the newsletter, you can sign up to receive it every month by entering your email address here.
The March statistics from the Real Estate Board of Greater Vancouver showed that business is still happening, despite the presence of Covid-19, and Real Estate Wire added more evidence this week.
In a release, REW said this:
“The volume of users on REW’s platform rose week on week for the first time since social distancing measures were implemented in Canada — up 11 per cent in the last week of March compared to the previous week.”
It’s a small indicator, but an indicator nonetheless that buyers are looking to buy, and sellers are looking to sell.
As the story in News From Nexus points out:
“Sellers will adapt to their realtor’s careful, appropriate changes in strategy. Buyers will have to be more informed to get to the point of making an offer. Some buyers and sellers have hit the pause button.”
REW agrees, and adds that its “bounce rate” is low, and that’s a good sign because it means visitors are spending more time on the website and not just “bouncing” in and out.
REW agrees, and adds that its “bounce rate” is low, and that’s a good sign because it means visitors are spending more time on the website and not just “bouncing” in and out.
That’s an indicator there is a dormant demand of buyers or sellers, or both, in today’s real estate market.