March 12th was the day that US stock markets suffered the greatest single-day percentage fall since 1987, and the day after Tom Hanks and Rudy Gobert tested positive – the latter shutting down the NBA season. Let’s call it the day that the coronavirus started having a major impact on real estate sales.
NSDCC Stats Between March 12th and April 12th
The Pend/Sold counts of previous years have all closed escrow.
This year’s count of 137 includes 99 that are still pending, and may not make it to closing.
Although realtors were not considered essential workers for nine days in this period, it looks like we’re going to have 50% to 60% fewer sales.