MAPS & FACTS™ UNLIMITED, INC. specializes in GIS (Geographic Information System) produced, architectural, driven, based, demographic, educational, and real estate maps to home buyers, brokers, developers, attorneys and lenders.
Map of the Month – May 2020
COVID Crash on House Sales
We, and a few million others, are anxious (afraid?) to learn how the Corona Virus has and will affect residential real estate. Anecdotal evidence suggests that the number of sales has declined but values have not. To get some clarification, for houses selling between $100,000 and $1,000,000, Maps & Facts has compared the number of closed sales for May 2019 with May 2020. The map below shows the relative changes by MLS grid geography.
The numbers behind this months’ map show there were 37% fewer sales overall: but, an increase in the median sales price of 5.8%. (In keeping with our other studies.)