Home | Newsletter | Advertise
loading...

How Coronavirus is Affecting Property Showings in the DC Area

  • March 27th 2020

by Nena Perry-Brown

While it's too early to determine how the COVID-19 pandemic has impacted home sales in the DC area, social distancing measures have kept prospective homebuyers out of the listing they have their eyes on.

ShowingTime has released data on how showings of residential listings have dropped in the wake of the pandemic. Nationwide, a drop in showings between March 12th and March 16th illustrate how prospective buyers have adjusted. For the DC-area, that drop came a bit earlier.

Change in showings in DC from beginning of year. Click to enlarge.

Property showings in DC for the week ending March 24th fell by 42% from the 2020 weekly average, and by 51% compared to the same time last year. Showings fell 53% from their 2020 high, a mark of how hot the city market started off this year. 

Change in showings in MD from beginning of year. Click to enlarge.

Based on the week leading up to March 24th, showings in Maryland dropped 13% from this year's weekly average, and by 42% year-over-year. This level of showings is 37% less than the high observed in 2020, which also peaked two weeks ago: in the week leading up to March 11th, traffic had risen 37% since the year started.

Change in showings in VA from beginning of year. Click to enlarge.

Showings in Virginia have taken the hardest hit in the region, with 2.8% fewer showings over the week ending March 24th than at the beginning of the year. This represents a 44% drop year-over-year and a 35% drop from the 2020 peak during the week up to March 11th, when showings were 50% above the weekly average.

UrbanTurf's Coverage of COVID-19 

See other articles related to: listings, pandemic, showingtime

This article originally published at https://dc.urbanturf.com/articles/blog/showings-of-listings-in-dc-down-50-year-over-year/16641.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse