Will Real Estate Prices Rebound?

The situation caused by the corona virus pandemic has hit real estate markets hard, but most experts agree that the recession is temporary and real estate prices will soon come back to almost their expected levels.

The year 2020 started as a very good one for the real estate market in all areas, for the residential, industrial and commercial segment alike. The pandemic has caused both sellers and buyers to step back, but as the pandemic is slowly moving towards its end, the real estate market is likely to come back to life, too. Experts say that the beginning of summer is likely to see increased interest on the side of both sellers and buyers, but the duration of that active period will probably be determined by the corona virus again: if the pandemic that we are all faced with right now ends without the virus coming back later during the year, the real estate market is likely to recover quickly to the level forecast  before the corona virus outbreak, but if the virus reactivates itself in fall or in winter, the real estate market is likely to react quickly and become passive again. Real estate prices will probably follow the up and down pattern as well, showing a slight increase during the summer and falling back in fall and winter. Talk to REMAX real estate expert Tom Ullrich about the average price of houses for sale in Greenfield, and what you can expect during this changing market.