Compass Market Snapshot May 8, 2020

Below you’ll find real-time data from 17 of our markets reflecting an increase in newly under contract inventory and specifically in the Philadelphia market. There are a few items I wanted to highlight for you:

• In Pennsylvania, real estate is not deemed essential and therefore any offers being placed are sight-unseen. Yes, that means people are buying houses without seeing them. We have written those offers for our clients.

• In regions that have lifted restrictions over the past 2 weeks, there is a notable uptick in properties going under contract

• In many areas where restrictions are not lifting, inventory levels remain low and we’ve seen new properties being held back from coming to the market until restrictions lift

• Our Compass data showcase activity as it is happening, not after sales have closed which provides you with real-time data

Stay Safe!

PS – if you would like detailed data from one of our markets outside of Philly, just let us know and we’ll send it to you.