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Real Estate trends show prices still going up, despite COVID-19

Real estate agent Scott Ingraham says they are doing more virtual tours because of the...
Real estate agent Scott Ingraham says they are doing more virtual tours because of the pandemic. (WJHG/WECP)(WJHG)
Published: Jun. 4, 2020 at 4:56 PM CDT
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When businesses and beaches shut down in March due to the coronavirus pandemic, many assumed the real estate market would take a hit as the stock market plummeted.

"Even my banker said last month he had the biggest month [in sales] he's had in ten years," said Chuck Wolf, who is selling a property.

While they saw a slowdown when everything was closed in March and April, they say now that things are back open, business is picking up again.

However, like every industry they are making adjustments.

"A lot of things [are happening] more virtually than we used to. We're [also] using masks, desanitizers, all those kinds of things," said Real estate agent Scott Ingraham.

"Part of the reason they have not seen a major decline in business could be because of our location," Ingraham said.

"A lot of people are taking the attitude that they want to get out of these bigger cities, maybe get in the country. We're selling lots up north of town that we've had listed for a year. All of a sudden people are buying them, so it just tells me that people are looking for something different," said Ingraham.

Across the country, housing prices were up two percent in May, according to realtor.com.

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