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For 2020, Summer is the New Spring

March, April, and May are historically the peak of the Spring Real Estate Market. It is during these months when buyers eagerly anticipate new inventory, pent-up demand reveals itself from those buyers who could not purchase in the Fall, and listing agents gear up for their Sunday Best, a big wave of new listings. Enter Covid-19. March, April, and May of 2020 were essentially suspended with the legal impossibilities of even showing properties. As we enter the June, July, August months, I expect that Summer will be the new Spring. We are already feeling more activity as buyers and sellers pick up the pieces from the pandemic. Hillsborough inventory is now up to 32 Active Listings as of this writing. Another impact of Covid will be the lack of summer travel. With more buyers and sellers suspending their usual summer trips, more concentrated focus will be available to the market. Agents and buyers are back out at properties, albeit with masks and property entry (PEAD) waiver forms in hand. I expect a busier than average summer this year with buyers and sellers entering an arena that just hopefully, resembles Spring. 

Geoffrey Nelson

"Telling the Story of Hillsborough Real Estate..."
Geoffrey's Recent Hillsborough Real Estate Performance: $300,000,000+ Sold in Hillsborough...

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