The Stay At Home orders are gradually beginning to lift in various parts of the United States and data is showing that buyers are looking forward to jumping back into purchasing Incline Village, NV homes for sale. Around the country, spring is generally considered the true busy season of Real Estate. In Lake Tahoe, we have our ski season buyers and our spring/summer buyers, so we operate a bit differently. Except for this year as the COVID-19 pandemic has prevented people from traveling and has caused the industry to go virtual, which has resulted in a brief pause for a lot of would be sellers and buyers. However, trends are showing that things are starting to pick up which is suggesting summertime is going to be this year’s busy season. Here are a couple points to back that up from industry experts.
*Google recently released data that scores search terms online. Real estate had 68 points back in Mid-March and that number jumped to 92 points last week. This means buyers are searching more for Incline Village, NV real estate compared to the past couple months.
*Joal Kan, the Economist at the Mortgage Bankers Association said that “applications for home purchases continue to recover from April’s sizeable drop”. He went on to say that applications have continued to increase for the past 5 weeks and are actually 5% higher compared to a year ago around this time.
This is good news for sellers as it indicates buyers are coming back into the market and are serious about buying homes for sale in Incline Village, NV.
While demand is high and inventory remains low, buyers also have a great opportunity to snag a historically low mortgage rate. If you are looking at homes for sale in Incline Village, NV to buy-now is a great time to get a great rate and secure strong buying power. With inventory still tight, it is important to remain patient and understand that right now is currently still a seller’s market.
For more information on buying or listing homes for sale in Incline Village, NV, feel free to give me a call. I would be happy to help!