COVID-19 — Blog — The Sessoms Group

10 Reasons Why Now Might be the Right Time to Buy

Just when the market was expected to enter busy spring season, the coronavirus pandemic shocked the world. The impacts of this pandemic have caused uncertainty across all sectors of the economy and the housing market is no exception. Many home buyers who were ready to make their move are now sitting on the sidelines wondering if now is the right time. While each market has responded differently, we have seen numerous reasons in our local market in the greater Seattle area that now is the right time to buy.

If you’ve been considering purchasing a home, read on to learn about some of the reasons that it would be better to make your move now instead of wait, and learn what recent events and trends could mean for your home search.

2019/2020 Market Report

Realogics Sotheby’s International Realty proudly presents its annual summary of the Real Estate Market in Western Washington. Each year, this report reflects on how the news events of the past year could economically impact the home buying and selling process. It also offers key insights from nine counties and 37 communities around the Puget Sound, providing an in-depth analysis of data, information, factors in trends, news, and events that make an impact on our local housing market.

March Market Snapshot

Many were curious to see how the typically robust spring real estate market would be impacted by the Coronavirus pandemic. Like many sectors of the economy, residential real estate experienced disruption and uncertainty just when things were ramping up.

As guidelines for essential workers evolved, the market virtually paused for a few days, but then took off again after real estate guidelines and practices were adjusted to support social distancing. Despite the changes, housing activity around Western Washington in March showed the volume of new listings added during the month surpassed February’s total, as did both pending and closed sales.

Navigating Real Estate During Coronavirus

Navigating the real estate market in light of COVID-19 has been confusing for many homebuyers and sellers. As trusted advisors, we felt that it was our responsibility to inform our clients and offer creative solutions while ensuring we protect the health of our clients and well-being of our community.