In a new survey conducted by the National Association of Realtors between April 5 and April 6, the majority of Realtors predict the market will rebound once the pandemic is over.
In the meantime, however, respondents are bracing for a spring slowdown. Nearly six out of 10 members polled said their buyers are delaying home purchases for a couple of months, while a similar share of Realtors – 57% – said sellers are delaying home sales for a couple of months.
“Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year,” said NAR Chief Economist Lawrence Yun.
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