The COVID-19 pandemic, stay-at-home orders and limitations to in-person activity greatly increased technology adoption in all facets of life. For the real estate industry, COVID-19 may have led to increased tech acceleration, but technology was already reshaping the industry even before the pandemic struck.
Rich Barton | Photo credit: Zillow Group
“Across every industry, there has been a COVID-catalyzed and dramatic increase and reliance upon and adoption of technology,” Barton said. “The concrete is setting on new digital habits for life and work, and it is highly unlikely that we go back to the old analog ways.”
In the real estate technology space, COVID-19 wasn’t the only story, but it was clearly the dominant one. Here, below, are the top industry tech stories both paramedic-related, and not of 2020.
RE/MAX National Housing Report for November 2020
Monthly Home Sales Up Nearly 20 Percent from a Year Ago
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DENVER, Dec. 17, 2020 /PRNewswire/ The housing market continued its extraordinary half-year run of high activity, with November 2020 home sales up almost 20% over November 2019 – establishing a new high for the month in the 13-year history of the report.
November did experience the normal seasonal decline from October, with home sales decreasing 14.5% month-to-month, but that drop was in line with the 12% average of the past five years. In fact, November 2020 broke several records for the RE/MAX National Housing Report, and inventory reached its lowest point since the report debuted in 2008.