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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate | Simplifying The Market

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply – Growth of new listings
  4. Pace of Sales – Difference in time-on-market

The index then compares the current status “to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.New Index Reveals Impact of COVID-19 on Real Estate | Simplifying The MarketIt’s clear to see that the housing market is showing promising signs of recovery from the deep economic cuts we experienced earlier this spring. As noted by Dean Mon, Chairman of the National Association of Home Builders (NAHB):

“As the nation reopens, housing is well-positioned to lead the economy forward.”

The data today indicates the housing market is already on the way up.

Bottom Line

Staying connected to the housing market’s performance over the coming months will be essential, as we continue to evaluate exactly how the housing market is doing in this uncharted time ahead.

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
6266 W Fallsgrove Lane Port Orange FL 32128
New Listing - 8 hours on site
1 / 33
$925,000
5
BEDS
4
TOTAL BATHS
3,268
SQFT
6266 W Fallsgrove Lane Port Orange, FL 32128
Single Family Residence For Sale
- Active

Fall in love with this extraordinary five-bedroom, three-and-a-half-bath home, perfectly situated in the exclusive gated community of Woodhaven. From the moment you arrive, you'll be captivated by its curb appeal—complete with a charming front porch,

Listing courtesy of Don Bell of RE/MAX Signature
4 Oceans West Boulevard 701C Daytona Beach Shores FL 32118
New Listing - 10 hours on site
1 / 49
$438,500
3
BEDS
3
TOTAL BATHS
2,100
SQFT
4 Oceans West Boulevard 701C Daytona Beach Shores, FL 32118
Condominium For Sale
- Active

Welcome to your perfect coastal getaway! This spacious 3-bedroom, 2.5-bath condo in Daytona Beach Shores boasts 2,100 square feet of elegant living space, seamlessly blending comfort, style, and convenience in a serene beachside setting. Enjoy stun

Listing courtesy of Trena DeCandia of RE/MAX Signature
159 Ann Rustin Drive Ormond Beach FL 32176
Open House Sat, Aug 2, 10 AM
1 / 78
$540,000
3
BEDS
2
TOTAL BATHS
2,072
SQFT
159 Ann Rustin Drive Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

Live your best beach life in this beautifully renovated home, just a quick 3-minute walk from the no-drive beach! Inside, you'll find a super comfortable living space with plenty of room to relax or entertain. There's a dedicated home office or flex

Listing courtesy of Jennifer Kulzer of Realty Pros Assured

Check out some of these most popular home searches here at Daytona Beach Property Search

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. Builders & Realtors Agree: Real Estate Is Back
  2. Three of the Latest Reports Show Housing Market Is Strong
  3. How Will the Presidential Election Impact Real Estate?
  4. What Impact Might COVID-19 Have on Home Values?

Posted in: Blog, For Buyers, For Sellers, Housing Market Updates

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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