Bay Area Returns to Work
California is letting real estate agents go back to work, yet with restrictions in place. Open houses and close contact are not allowed, but there are other ways to sell a home.
The San Francisco Bay Area, a notoriously competitive and inflated real estate market, had been at a stalemate for weeks during the pandemic shutdown. Still, some restrictions have finally lifted, and real estate agents have pounced.
Virtual showings, appointment-only showings, and a ban on home flyers have changed the game of the real estate market, and agents will have to adapt. Most of them are ready to get back to work – with gloves and masks.
The long-term effect of this pandemic has yet to play itself out ultimately. Over 50% of escrows fell through in California in the last month, and listings were down 9% from this time last year.