The housing market was hot over the past couple of years. The excessive demand is no longer there since the coronavirus outbreak. The number of houses for sale increases and interest is still low. As a result housing supply and demand are more balanced since the corona virus outbreak.
The housing market was hot over the past couple of years. Demand for housing was enormous with an average of 24 viewings per home, this was an absolute record. Supply and demand were in fact out of balance. This excessive demand is no longer there since the coronavirus outbreak. The number of viewings decreased after the first emergency measures by a considerable 37.4%.
The orientating home seeker prefers to skip a home visit during this time. This also applies to the group that is now financially in uncertain times. However, there is still a large group of potential buyers on the market who are not deterred and want to take advantage of the very low interest rates. They are more careful, resulting in slightly less property sales and less often above the asking price.
This group also gets a lot more choice. The number of sellers who now want to start selling their house is fluctuating in various areas but has overall increased in recent weeks by as much as 50%. This gently restores the balance between housing supply and demand, the market is more balanced since the corona virus outbreak.