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April 17, 2020

Homebuyers are avoiding in-person viewings

Photo | Grant Welker A home for sale in Worcester

A quarter of national realtors report their clients are putting homes under contract without ever physically seeing the property, The National Association of Realtors reported in a survey result on Thursday.

Viewings are limited because of social distance requirements put in place during the COVID-19 pandemic.

Still, homes are selling, according to the association, which said 10% of realtors report having the same, if not more, business during the ongoing economic lockdowns. They appear to be selling faster — with the median number of homes viewed before entering contracts dropping from nine to three, according to realtors surveyed in the association's report.

A flash poll conducted on Sunday and Monday indicated about one-third of closings are taking place without delay, according to respondents within the association. 

The primary reasons for delays, according to the poll, were because of lags related to financing, appraisals and home inspections.

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