{"id":384721,"date":"2020-11-19T06:03:35","date_gmt":"2020-11-19T11:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384721"},"modified":"2020-11-19T06:03:35","modified_gmt":"2020-11-19T11:03:35","slug":"realtor-com-weekly-housing-report-buyers-and-sellers-jump-back-in-post-election","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/realtor-com-weekly-housing-report-buyers-and-sellers-jump-back-in-post-election\/","title":{"rendered":"Realtor.com\u00ae Weekly Housing Report: Buyers and Sellers Jump Back in Post Election"},"content":{"rendered":"
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Home prices begin to show a seasonal slowdown; what’s ahead for housing depends on the impact of COVID-19<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SANTA CLARA, Calif.<\/span>, Nov. 19, 2020<\/span> \/PRNewswire\/ —\u00a0Buyers and sellers quickly jumped back into the market this week after taking a break during election week, according to realtor.com’s Weekly Housing Report for the week ending Nov 14<\/span>. Despite the resumed interest, home prices are finally showing signs of a seasonal slowdown gaining only 12.6% this week compared to 12.9% the previous week. <\/p>\n

“We typically see fewer buyers and sellers in the market toward the end of the year, as families are busy with children in school and holiday celebrations. Although we still have a fast-moving housing market relative to this time last year, we’re starting to see some slowing from the late-summer\/fall and movement towards more normal seasonality. What happens next depends on this resurgence of COVID-19. In the spring, we saw that the more coronavirus cases a market had, the less likely sellers were to put their homes on the market. If we are able to contain the spread, sales activity will likely slow somewhat in line with normal seasonality, but otherwise we may see a more abrupt slowdown. “<\/p>\n

\n Home prices remain near summer highs but are finally showing signs of a slowdown<\/b>\n <\/p>\n