As states start to relax stay-at-home restrictions amid the coronavirus pandemic, more Americans are putting their homes up for sale—and setting higher expectations for what their houses are worth. But supply has yet to catch up to homebuying demand, which has now eclipsed pre-pandemic levels.
Here are seven charts that illustrate the latest developments in the housing market as COVID-19 continues to transform residential real estate as we know it.
More Sellers Are Listing Their Homes
About 70,000 homes went up for sale during the week ending May 8. While that’s a 30% drop from the same period last year,