COVID-19’s Effect on LSTAR and Home Sales

COVID‑19 had a major impact on home sales in our area, and how LSTAR had to operate for our members, especially in the early stages of the pandemic.

After a brief slowdown in spring 2020 due to lockdowns and uncertainty, demand surged sharply as buyers took advantage of low interest rates, and saw it as an opportunity to buy more house for their money. This led to increased competition, higher prices, and reduced inventory across many markets in the region. Overall, the pandemic accelerated market activity and contributed to one of the most competitive housing periods REALTORS® had seen in years.

How much do you know about the pandemic's effect on LSTAR and home sales? Take this quick four-question quiz to find out!