Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
Agricultural land | |||||
Urban land | |||||
Office | |||||
Shopping | |||||
Industrial properties | |||||
Hotels | |||||
Resort properties | |||||
Rental housing & rental apartments | |||||
Owner-occupied apartment or condominiums | |||||
Detached houses, rowhouses or low-rise residence | |||||
Residential land subdivision | |||||
Retirement living |
2020
More online meetings, both with customers and with agents/offices, less live Open Houses in favor of more online virtual tours, possibly more short sales and foreclosures due to job losses, at least in the short term. We expect an almost full recovery.
Be more open to technology, seek opportunities due to more sellers needing to sell, which will help the low inventory
Academic, Agent / broker
Reason: We are experiencing a very strong seller market in Jacksonville, Florida. This was true before Covid and is still the case. Days on market is extremely low and inventory is low versus demand