Nobody knows the future and yet, there are certain indicators that can give us insight into the impact the current conditions and what strategies you should adopt now to prepare your business. Here are some insights to help you understand where the market is currently.

Showings have been on a steady rebound since March 28th and are close to returning to normal showing rates. Based on the current trend, we can anticipate that showings will likely soon reach pre-Covid rates.

Under contract prices jumped up significantly this week with the average price point hovering at $620k, up $20K from the average price point last week. New inventory has also picked up with 1,051 new listings last week in Los Angeles county which is a great sign of a continued increase in inventory.