inception-app-prod/NmQyYTRmZTAtOTRiZC00MDUyLTkxYmYtOWY1ZTc1ODk3MzU2/content/2020/05/g-spangrepmhorztranswhiteredlogo-2.png
  • About
  • Property Management
  • Properties
  • Featured Areas
  • Blog
  • Testimonials
  • Memberships
  • Contact
Gary Spangler, AHWD, e-PRO, GRI
471.020706
815.529.4022
Sign In
Sign Up
inception-app-prod/NmQyYTRmZTAtOTRiZC00MDUyLTkxYmYtOWY1ZTc1ODk3MzU2/content/2020/05/g-spangrepmhorztranswhiteredlogo-2.png
  • About
  • Property Management
  • Properties
  • Featured Areas
  • Blog
  • Testimonials
  • Memberships
  • Contact
inception-app-prod/NmQyYTRmZTAtOTRiZC00MDUyLTkxYmYtOWY1ZTc1ODk3MzU2/content/2020/05/g-spangrepmhorztranswhiteredlogo-2.png
inception-app-prod/NmQyYTRmZTAtOTRiZC00MDUyLTkxYmYtOWY1ZTc1ODk3MzU2/content/2020/11/screenshot2020-11-17at11.52.24am1.png
Market InsightSellers

How COVID-19 Changed The Real Estate Market For Home Sellers in 2020

inception-app-prod/NmQyYTRmZTAtOTRiZC00MDUyLTkxYmYtOWY1ZTc1ODk3MzU2/logo/2020/04/gary-spangler-square-color.jpg
Gary Spangler, AHWD, e-PRO, GRI,11/17/2020

There’s no denying that the COVID-19 pandemic has completely changed day-to-day life in America. But how has it changed the experience and process of selling a home?

The 2020 National Association of REALTORS® Profile of Home Buyers and Sellers compared home sellers before and during/after COVID-19. Some of the key findings included:

  • Homeowners wanted to sell both before and after COVID hit—but their reasons for wanting to sell have changed. Prior to April 2020, the most common reason homeowners wanted to sell their home was to be closer to friends and family. After COVID hit, homeowners were much more likely to report selling because their house was too small.
  • More sellers relied on technology to sell their homes during COVID. Before April, only 16 percent of sellers used virtual tours as a tool to sell their homes. Once the pandemic hit, that number jumped to 27 percent.
  • Homeowners were able to sell their homes for a higher price after COVID. Home sellers before COVID sold their homes for an average of $270,000. After COVID? That price tag increased to $300,000.

So, what does that mean for you? COVID-19 may have shifted the reasons homeowners are selling and the strategies they’re using to sell—but it’s also enabled sellers to sell faster and more profitably. So, if you’ve been thinking about selling your home, now is a great time to make a move.

Print Details
Previous post
Next post
CAM Chat with Cathy: Is it Fall or is it Autumn?
CAM Chat with Cathy: Day 1 of the 12 Practices for the Holidays!
EHO
EPRO
GRI
Realtor
ATHWD
EHO
EPRO
GRI
Realtor
ATHWD

Office

G-Spang Real Estate & Property Management
6417 N. Ravenswood Ave. Suite 5EChicago
IL 60626
815.529.4022
gary@gspang.com

Info

  • About
  • Contact
  • Featured Areas
  • Properties

Essentials

  • Blog
  • Property Management
  • Testimonials
  • Memberships

Consumer Protection & Privacy

G-Spang Real Estate and Property Management will never share any customer or client information with any third parties. If you have questions about this website, email gary@gspang.com
inception-app-prod/NmQyYTRmZTAtOTRiZC00MDUyLTkxYmYtOWY1ZTc1ODk3MzU2/content/2020/05/g-spangrepmhorztranswhiteredlogo.png

© 2021 All rights reserved

Created with Placester

Sign in

Sign in with your email address

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Enter your email address

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Your password has been successfully reseted.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Sign up to get the latest market updates!

Enter your information:
Send
Success! Your message was sent!
Thank you!!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Please wait...

Account Verified!

You may now log in into your account
Go to the homepage

Error

Please try again.
Go to the homepage

Share this listing

Copy Link