I hope everyone had a wonderful Thanksgiving filled with family, friends, and delicious food! We are incredibly thankful for your trust and support throughout the year. This month, we’d like to share some key real estate trends that could impact your next move.

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.

With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.

ShowingTime, a market stats technology provider for the real estate industry, recently released its data on showing statistics for the first few weeks of May. As you can see from the graph below, showing activity actually surpassed 2019 levels and continued to climb as the month progressed. Indicators such as this help highlight the strength of the Boston real estate market and suggest that the market activity expected in spring may just occur a bit later this year.