Buyer activity dropped in March due to the pandemic announcement and Wisconsin's Safer at Home order. However, in the last couple of weeks we've had more buyers reaching out to us and asking us for help.
At the same time we've noticed some interesting trends with our website traffic, which we like to track because it provides some insight into how engaged buyers are with the market. As you can see from the graph below, traffic dropped dramatically in the middle of March...BUT, it has been slowly climbing these last few weeks and is now much higher than it was the year before.
Buyer interest is strong right now.
Even though there will be fewer homes bought and sold this year, there are still plenty of buyers out there who are waiting for the right property to pop up and the right time to buy a home. If you're on the fence about selling this year, this should give you some confidence to list your home and expect a successful sale.
As we mentioned in this article, Dane County's population is growing, and many local residents are still looking for the right place to call home. There's a lot of pent-up demand for real estate right now, and all of this demand will benefit sellers in 2020 and down the road.
Do you have questions about selling your home or condo in 2020?
Please reach out to us and share your questions, goals, and concerns. We'll give you all the time and attention you need to think through your options and make informed decisions. We're well-prepared to guide you through this year's new market, and we'll be here to assist you for many years to come.
