In May 2020, ** percent of U.S. realtors said that home sellers have made changes due to the COVID-19 pandemic. For instance, ** percent of realtors reported that home sellers actually stopped opening their houses. Only ***** percent of home sellers obtained home inspection before listing home for sale.

In a March 2020 survey, the development related to COVID-19 which had most affect home buying or selling plans in the United States was the drop in mortgage rates, which was cited by **** percent of the respondents. Fear of recession and stock market volatility followed behind at ** and ** percent, respectively. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Residential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over ***** percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.

The impact of the coronavirus epidemic (COVID-19) spread to all industries, and the real estate sector could not escape this health crisis. As a result, almost half of the French people intending to sell a property in ********** experienced delays in the process and ** percent had to postpone their sale project. For more information on the coronavirus pandemic (COVID-19), please consult our page: Statistics & Facts on the coronavirus (COVID-19).

In a March 2020 survey, only ***** percent of U.S. realtors said that COVID-19 had significantly decreased home buyer interest in their market. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

Between November and December 2021, total retail sales in the United States had decreased by roughly two and a half percent. The coronavirus pandemic had caused major blows to U.S. retail when it first became a global emergency, i.e., during March and April 2020. As of January 2022, the United States had accounted for over 60 million COVID-19 cases since the beginning of the pandemic.

Which industries did COVID-19 affect the most? The COVID-19 crisis caused consumers to shift their spending focus towards necessities: in other words, people in the United States had been spending more on groceries and household supplies. Most other industries, including out-of-home entertainment, restaurants, apparel and footwear stores, saw a substantial decrease in consumer spending as a result of the virus outbreak.

Hoarding behavior among consumers Not only have consumers changed what they buy, there have also been times when shoppers would purchase larger quantities: during the first weeks of the pandemic, hoarding was very prominent among households in the United States. Over the later quarters, pantry filling and hoarding behavior fluctuated, but showed a mostly downward trend.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

As the coronavirus outbreak is forcing many governments worldwide to impose lockdowns and citizens are advised to practice social distancing and stay home, DIY activities have seen a surge with individuals in the United Kingdom (UK). Between March 9-15, 2020, online sales of home improvement and gardening retail products grew almost by ** percent compared to the same period the year before. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

The number of pending home sales in the U.S. declined dramatically in the fourth quarter of 2021. In March 2024, the pending home sales index stood at **** index points, just *** index points above its lowest value recorded in April 2020 when the COVID-19 pandemic struck. The slowdown in buying activity was triggered by the aggressive mortgage interest rates hikes in response to the rising inflation. As it takes around **** to eight weeks to finalize a home sale in the United States, the Pending Home Sales Index (PHSI) index is seen as a measure of consumer sentiment on buying a house and essentially provides an early outlook on what the actual sales of existing homes in the country might potentially look like.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Every tenth Pole after the coronavirus epidemic in Poland has plans to purchase real estate. The vast majority did not plan and do not intend to buy a property in 2020.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

In the Russian capital, a significant growth in home workout equipment was recorded during the eleventh week of 2020. Namely, over the observed period, home gym product sales increased by 33 percent in Moscow and by 6.5 percent across the country.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

With the impact of the coronavirus (COVID-19) pandemic and lockdown measures imposed in many countries in Europe, growth trends in online retail orders have displayed drastic ups and downs. As displayed in the statistic, in the United Kingdom (UK) weekly online retail transactions made in home and leisure categories saw a *** percent increase since the start of the year. In the week immediately following the lockdown announcement, weekly growth rate for home and leisure retail went up by *** percent compared to the same period in the previous year. This growth trend continued through April and the first two weeks of May, with sharp drops in the second half of May. Home and leisure retail referred to in this statistic included the following sub-sectors: Seasonal, Media & Entertainment, Food & Beverage, Home & Garden, Health & Beauty, Pet Care, Home Office, Business & Industrial.

This statistic illustrates the impact of the coronavirus (COVID-19) on the intention to buy or sell a property in France in 2020. It can be seen that more than half (54 percent) of French people who planned to buy or sell a property in 2020 had to delay the sale or purchase of a property because of the coronavirus. For more information on the coronavirus pandemic (COVID-19), please visit our page: Statistics & Facts on the coronavirus (COVID-19)

The coronavirus pandemic led to a marked increase in how many new construction homes made up single-family housing available for sale in the U.S. By early 2021, this was estimated to be between ** and ** percent - a significantly higher figure than before the pandemic. Likely this is caused by less Americans putting their homes up for sale during this economically uncertain period of time, as well as a general increase in U.S. homebuilding in the months after the first COVID-19 lockdowns.

As surveyed by Infocus Mekong , houses were the real estate property with the leading purchase intention among consumers in Vietnam during the COVID-19 pandemic in 2020, with ** percent of respondents declaring the intention to purchase houses. By comparison, land took over as the most wanted property type in 2021 according to ** percent of the respondents. In general, the intention to buy real estate property in 2021 was ** percent higher than that of 2020.

During the coronavirus (Covid-19) outbreak, home console sales have shown a dramatic week-on-week increase in the United Kingdom (UK). Between the calendar weeks * and ** (from February 16 to March 21, 2020) the Switch home console, the Xbox One console and the PS4 console all saw spikes in sales. In the week ending March 21, 2020, Switch has seen a *** percent increase compared to the week before. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Office furniture sales increased massively during the COVID-19 pandemic in the United States. Even though office retailers were forced to close down during lockdown periods, the overwhelming demand for home office supplies caused sales figures to surge. For instance, office chairs were roughly ** percent more popular than before the pandemic.

Residential property sales to foreign buyers in the United States between 2010 and 2024 peaked in 2017 at a value of *** billion U.S. dollars. Since 2017, the value of property sales to foreign buyers dramatically decreased to pre-2010 values. The dramatic decline in 2021 was due to the economic effect of the coronavirus (COVID-19) pandemic both in the U.S. and globally. By March 2025, property sales to foreign buyers in the United States amounted to ** billion U.S. dollars.