Recent Homesnap Survey Illuminates Agent Outlook on the Market

May 31, 2020
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A number of portals have been running numbers to predict how the market will fair during the different stages of the pandemic. 

Homesnap’s has analyzed the change in sentiment from February 2020 to April 2020 and has released the results. 

Its research found that between March 2020 and April 2020, agents struggled to stay optimistic about the market. In February, 44.12% of agents Homesnap surveyed, said they were more optimistic about the market while 49.9% had no change in their view of the market. 

In March, agent optimism began plummeting, hitting 18.79%.

By April, agent optimism began its slow uptick starting with 25.04% of agents surveyed feeling better about the market.

Currently, Homesnap has announced that in May, agents’ outlook on the market has increased by 45.23% compared to the month prior.

Homesnap

Homesnap’s research found a pattern connecting agent optimism with transaction volume. When the data was segmented to show the number of transactions an agent has conducted, it showed that agents with a higher number of transactions over the last 12 months were more optimistic about the market in April than those who had made less sales.

May 31, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

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