Impact of COVID-19 to Real Estate Showings in Massachusetts
In real estate sales, one of the key performance indicators for sales is tracking appointments. You cannot usually sell a house without an appointment.
Many professional Realtors in Boston use a service called Showingtime to manage and track appointments on their listings. Showingtime is a national level service which maintains a call center and a technology platform to manage appointments between agents and their homeowners. As a result of this data, they maintain daily activity of scheduled appointments.
The Boston Real Estate Market is Busy
The initial drop in showings on properties in Boston was definitely visible in the early weeks of the COVID-19 pandemic. I would say that has given way to signs of stabilization.
Through mid-March, year-over-year showing activity was higher nationwide compared to 2019. Then at the end of March everything dropped off.
Look at the Appointments as of the 29th of May in Boston. Holy Moly. It’s even crazier than it was in Spring/Summer of 2019.
If you are thinking about selling your home, I would say now is a good time. See my report on Greater Boston here.