Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. This article has been updated to reflect recent changes in the Atlanta real estate market due to the coronavirus pandemic. The single-family residential housing market in metro Atlanta got impacted by the pandemic with home sales plummeting from April onward. There was a significant reduction of 25.8% in sales for April as compared to last year's numbers. According to the latest report from Atlanta REALTORS® (ARA), residential sales continued to decrease in May as well.

Home sales dropped by 36.8% from the previous year whereas average and median sales prices continue to gain saw positive gains. The median sales price in the Metro-Atlanta housing market in May was $291,000, an increase of 0.3% from last May. While Atlanta housing prices remain almost steady as compared to last year, the decline in sales reflects the impact of the shelter-in-place order that Metro Atlanta residents had to follow. It is expected that this trend would continue to affect the overall sales for the next few months until the pandemic is over. 

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Let's get a comprehensive overview of the San Deigo real estate market for 2020. Affordability has become an issue for many homebuyers in the San Diego area. This is another housing market trend that is affecting many major cities across the country but particularly in the western coastal markets. The shutdown due to coronavirus pandemic had an impact on California's economy and the real estate sector as well. San Diego home buyers have been praying for a price drop, and they got a decent break during this Covid-19 pandemic. In May, the home sales in all the counties in Southern California, except Ventura, declined 36 percent or more from last year, with San Diego dropping the most at 42.7 percent, according to C.A.R. The median sold price in San Diego County increased by 0.8% to $655,000 as compared to last year. However, when you compare it with April 2020, the price has decreased by 2.4%.

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The Seattle real estate market always looks nearly as expensive as an overheated market. After a significant decline in the Seattle home prices in the past year, the prices have taken a good jump in the latest quarter of 2020. The shortage of homes for sale in the Seattle housing market is causing prices to rise. And so for all those reasons and more, rising property values are a positive development for homeowners and sellers in the Seattle area. The ongoing nationwide crisis has affected the real estate market of Seattle as well but not as much as we expected.

It has shown a lot of resilience and is poised to bounce back with the opening of the economy. Despite the economic downturn and disruptions stemming from the coronavirus pandemic, the Seattle housing prices are keeping strong and steady. Right now the latest news is that Seattle's housing market remains in a shortage with around one month of supply of properties on the market. There are far more buyers than there are available homes for sale. Homebuyers are trying to take advantage of lower interest rates, and the local real estate agents are struggling to meet the demand.

The latest “SEATTLE HOUSING MARKET REPORT” is given below.

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The latest Dallas Real Estate Market Report is given below. The demand and sales have been climbing at a feverish pace in the Dallas housing market for more than two years now. The market started cooling off in the last quarter of 2019 and remains cold as of now. Dallas housing prices have risen by only 1.9% in the last twelve months. The DFW metro area has experienced smaller price gains as compared to Dallas. Home sales have slowed over the past couple of months and are likely to decline over the coming months as well, as the metro area continues to struggle with a sharp rise in coronavirus cases.

In May 2020, the number of homes sold within Dallas County was down almost 35% from a year earlier. The median sales price dropped by 3.9% to $250,000. There's about a 3-month supply of homes for sale which is well below what’s considered to be a balanced real estate market. From this standpoint, the Dalla housing market still favors sellers over buyers.

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We will discuss the latest San Jose real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on California's economy and the real estate sector as well. 2020 started with low inventory in San Jose, and a strong seller's real estate market. The number of home sales in January and February were really strong. Then came the shelter-in-place order due to the COVID-19 pandemic. The impact of the pandemic on the San Jose housing market was felt in April when home sales started dropping massively.

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