April Wrap-Up

April Wrap-Up

April is normally the height of the spring real estate market. Buyers are out shopping for new homes in preparation for summertime moves. Numerous properties are coming on the market daily, and well-priced and well-maintained homes are quickly getting sold.

This past April brought a much different market, as the coronavirus pandemic continued through the month. We saw a much slower start than usual, as a result of stay-at-home orders, social distancing, and economic fluctuations. A number of consumers started to pause their real estate transactions toward the end of March and that continued into April.

As we moved through the month—and more recently in this past week—real estate activity has been trending in a more positive direction. Active, coming soon, and temporarily off-market listings are slightly above where we were last year. New listings are down from last year, but those properties on the market have been selling quicker and for higher prices.

While the percentage of properties sold in April was down by double-digits, the impact has not proved to be as great as several industry experts predicted. Many of you still need to move, and you’re able to do so while minimizing risk when working with professionals like me and my partners at Prosperity Home Mortgage, Long & Foster Settlement Services, Long & Foster Insurance, and Tailored Move.

Now, more than ever, our integrated network of services makes a difference. We’re here for you and available to meet (virtually) and answer any questions you might have about buying or selling in today’s market, should you need to make a move. Even if you just want a complimentary competitive market analysis for your home, I stand ready to assist you. In the meantime, please stay safe and healthy.

All my best.

Work With Us

The team at Denise Ramey Real Estate has extensive experience in the local market in Central Virginia and the Charlottesville area, allowing you to enjoy a more simplified process. We handle everything in-house, from the first steps of your search through to the final details of the transaction. We leverage our extensive network to benefit buyers and sellers alike, ensuring that your transaction is as simple as possible.

Follow Us on Instagram

*Select images on this website are the property of their respective copyright owner J. Beeler. These images are used for educational, informational, and/or illustrative purposes only.