As the country begins to re-open following the COVID-19 Shelter in Place orders, NAR Chief Economist is optimistic about the economy’s rebound, particularly in the housing market. Listings are expected to increase significantly, coupled with strong pent-up demand. Lower and mid-priced homes can expect multiple offers if they are priced right and presented well.
While this is a forecast on a national level, it very closely represents our sentiments here in the local North Bay market as well.
“The North Bay real estate market has seen a resurgence of seller and buyer activity over the past 30 days. We are finding a high percentage of buyers moving from large metropolitan areas to our smaller communities now that many employers will allow their employees to work from home. There is a balance of buyer and seller activity as we head into summer throughout the North Bay area.”
– Bill Facendini, President & Broker Terra Firma Global Partners