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Showing posts from November, 2020

Nan's Newsletter November 2020

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Local Market Update 11-15-2020

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This week the governor imposed more strict protocol on our lives and businesses.  People are experiencing "COVID Fatigue" yet we still must be diligent in social distancing obeying the guidelines in our businesses.   In spite of this, real estate is still happening in our area.   Here are the numbers for our area - Fair Oaks, Orangevale and Citrus Heights - for the last week: New listings are lower this past week by nearly 25%.  First week pending sales are down, too, accounting for 20% of new listings, which is still a significant percentage.  Twice as many escrows failed this past week with six coming back on the market.  We may be seeing the start of the typical "seasonal slowdown" of the market however, we will need to see what the next few weeks bring to know for sure.   All the best! Nan