If there has been a silver lining to the coronavirus pandemic, it has been a hot real estate market. People around the world are realizing their need for more space (or space that works better for them) and are seizing opportunities to buy and sell to put themselves in a more comfortable situation.
This has resulted in a banner year for Kuper Sotheby’s International Realty. The broker has already exceeded the record $ 1 billion in total revenue – the earliest ever happened in its 48-year history.
In addition, the company is 3 percent ahead of last year’s sales. And it’s largely thanks to a hugely successful month that usually doesn’t do that well.
“We saw the greatest July we’ve ever had,” says agent and owner J Kuper. “July is usually not a big month for property sales – we usually see people traveling or preparing for school, which makes it a usually slow month.
“We attribute the numbers we see now to the pent-up demand from COVID and the people who are generally very active in the real estate market thanks to other factors such as low inventory levels and record-low mortgage rates.”
July also brought double the number of new listings that Kuper Sotheby’s had acquired compared to the same month last year. For anyone wondering if this is a good time to list their home, the answer is absolute.
“This trend shows that despite all the uncertainties about COVID or the usual hesitation in the election years, the demand is definitely there,” says Kuper.
If you need to list your home or look for a new one, contact Kuper Sotheby’s International Realty.