I've put together some graphics to illustrate comparisons. I've broken down the last 4 weeks, and then highlighted the last week. So, let's compare whats been going on in real estate over the past several weeks. Have there been changes since the COVID-19 outbreak ? If so, what does that look like? The things to look out for would be drastic changes in price reductions, transactions falling through, and removed listings. What do you notice?
For reference: "TFT" means "transaction fallen through" or canceled escrow. "C/W/E" translates to Canceled, Withdrawn or Expired listings, meaning removed from the market.
What has been selling over the last two weeks?
Note the Santa Cruz County median sale price last month was $925,000, and at this time last year total listings that went into contract or sold in the same week was 129 -- so this week was close to half of what was done the same time last year. Also, the same time last year there were 73 new listings added to the market, while this week only 43 were added.