A. While COVID-19 does present some challenges, the overall market is still doing well.
Prices are holding steady, and homes that are priced correctly are moving faster than homes with a high market price-set. Work with your broker to find the right price. As a reference point, according to MLS data, sales are off by 17 percent from 2019 year-to-date.
However, remember that almost no business was transacted from March to June. Taking that into account, business is probably running at about the same pace as last year.
Q. I’ve been trying to rent an apartment in a two-family house that I own but haven’t been able to find someone for some time. Any recommendations?
A. The rental market has declined a bit in price, and there is a larger inventory than average right now. I recommend discussing your property with a local broker and lowering the price.
Another suggestion would be to offer to pay the broker’s fee. Many people have experienced financial challenges from COVID-19 and letting them save the broker’s fee would be an attractive advantage.
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