The 10 US cities where real estate has recovered the most since the start of the coronavirus pandemic
found that more than half of the largest US metros have recovered from pandemic lows
"Housing tends to be immune from economic downturns and slowdowns,"Realtor.com's director of economic research, Javier Vivas, was quoted saying in a the report. "Right now we're seeing markets recover faster where they're able to contain the virus better. Markets with strong technology sectors have been more resilient."
To find the 10 markets that have improved the most, Realtor.com looked at the year-over-year growth of the of the median home asking price, the percentage of new listings coming online, the number of days on market that it took homes to sell, and online home search. To determine the level of improvement, the report compared the state of each market in January to the week ending July 18.
A market that scored 100% means it reached its level from prior to the pandemic. Any score over 100 shows market improvement that has surpassed pre-pandemic levels.
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