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Sellers Not Yet Lowering Prices

While real estate transactions have slowed to a near crawl in most of the country because of COVID-19 (coronavirus), sellers are not panicking and, for now, seem to be willing to wait out the pandemic.

According to a new survey from the National Association of REALTORS®, in which the trade organization polled a sampling of its own members in the final week of April, 76 percent reported that their selling clients have not reduced the listing price for their property in an effort to attract a buyer – and that’s an uptick of two percent from the same question asked the previous week. Read the full article HERE.

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