Ohio REALTORS ® Flash Survey: C/I Economic Pulse April 8, 2020 | PG #1 | 2020 Ohio REALTORS ® Flash Survey: Economic Pulse April 8, 2020
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #1 |
2020 Ohio REALTORS®
Flash Survey:Economic PulseApril 8, 2020
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #2 |
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #3 |
Ohio REALTORS Flash Survey: C/I Economic Pulse
1 / 5
58.44% 45
31.17% 24
9.09% 7
0.00% 0
1.30% 1
Q1 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO LEASE
PROPERTIES?Answered: 77 Skipped: 1
TOTAL 77
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
COVID-19 Impact: LEASE Properties
Ohio REALTORS Flash Survey: C/I Economic Pulse
1 / 5
58.44% 45
31.17% 24
9.09% 7
0.00% 0
1.30% 1
Q1 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO LEASE
PROPERTIES?Answered: 77 Skipped: 1
TOTAL 77
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #4 |
Ohio REALTORS Flash Survey: C/I Economic Pulse
2 / 5
60.53% 46
32.89% 25
5.26% 4
1.32% 1
0.00% 0
Q2 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO
PURCHASE PROPERTIES?Answered: 76 Skipped: 2
TOTAL 76
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
COVID-19 Impact: PURCHASE Properties
Ohio REALTORS Flash Survey: C/I Economic Pulse
2 / 5
60.53% 46
32.89% 25
5.26% 4
1.32% 1
0.00% 0
Q2 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO
PURCHASE PROPERTIES?Answered: 76 Skipped: 2
TOTAL 76
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #5 |
Ohio REALTORS Flash Survey: C/I Economic Pulse
3 / 5
41.89% 31
33.78% 25
21.62% 16
2.70% 2
0.00% 0
Q3 HOW MUCH OF AN IMPACT IS THE STOCK MARKETCORRECTION DECLINE HAVING ON NEW COMMERCIAL CLIENTS
WHO WANT TO LEASE PROPERTIES?Answered: 74 Skipped: 4
TOTAL 74
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
Stock Market Impact: LEASE Properties
Ohio REALTORS Flash Survey: C/I Economic Pulse
3 / 5
41.89% 31
33.78% 25
21.62% 16
2.70% 2
0.00% 0
Q3 HOW MUCH OF AN IMPACT IS THE STOCK MARKETCORRECTION DECLINE HAVING ON NEW COMMERCIAL CLIENTS
WHO WANT TO LEASE PROPERTIES?Answered: 74 Skipped: 4
TOTAL 74
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #6 |
Ohio REALTORS Flash Survey: C/I Economic Pulse
4 / 5
18.92% 14
24.32% 18
52.70% 39
4.05% 3
0.00% 0
Q4 HOW MUCH OF AN IMPACT IS THE INTEREST RATE DECLINEHAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO
PURCHASE PROPERTIES?Answered: 74 Skipped: 4
Total Respondents: 74
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
Interest Rate Decline Impact
Ohio REALTORS Flash Survey: C/I Economic Pulse
4 / 5
18.92% 14
24.32% 18
52.70% 39
4.05% 3
0.00% 0
Q4 HOW MUCH OF AN IMPACT IS THE INTEREST RATE DECLINEHAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO
PURCHASE PROPERTIES?Answered: 74 Skipped: 4
Total Respondents: 74
Significantlydeclined
Declined
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly declined
Declined
No change
Increased
Significantly increased
Ohio REALTORS® Flash Survey:
C/I Economic Pulse April 8, 2020
| PG #7 |
Ohio REALTORS Flash Survey: C/I Economic Pulse
5 / 5
2.86% 2
55.71% 39
67.14% 47
72.86% 51
38.57% 27
18.57% 13
Q5 WHAT IMPACT IS THE CORONAVIRUS HAVING ON YOURBUILDING PRACTICES?
Answered: 70 Skipped: 8
Total Respondents: 70
No impact
Morehand-sanitiz...
More frequentcleaning...
Tenantsworking...
TravelSuspension
Other (pleasespecify)
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
No impact
More hand-sanitizer offered
More frequent cleaning required
Tenants working remotely
Travel Suspension
Other (please specify)
COVID-19 Impact: Building PracticesOhio REALTORS Flash Survey: C/I Economic Pulse
5 / 5
2.86% 2
55.71% 39
67.14% 47
72.86% 51
38.57% 27
18.57% 13
Q5 WHAT IMPACT IS THE CORONAVIRUS HAVING ON YOURBUILDING PRACTICES?
Answered: 70 Skipped: 8
Total Respondents: 70
No impact
Morehand-sanitiz...
More frequentcleaning...
Tenantsworking...
TravelSuspension
Other (pleasespecify)
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
No impact
More hand-sanitizer offered
More frequent cleaning required
Tenants working remotely
Travel Suspension
Other (please specify)
Ohio REALTORS® Flash Survey:
Residential Economic Pulse April 8, 2020
| PG #8 |
Ohio REALTORS® Flash Survey:
Residential Economic Pulse April 8, 2020
| PG #9 |
COVID-19 Impact: Home Buyer Interest
Ohio REALTORS Flash Survey: Residential Economic Pulse
1 / 5
49.04% 485
36.00% 356
12.13% 120
1.92% 19
0.91% 9
Q1 HOW HAS CORONAVIRUS (COVID-19) AFFECTED HOME BUYERINTEREST IN YOUR MARKET?
Answered: 989 Skipped: 1
TOTAL 989
Significantlydecreased
Decreased
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly decreased
Decreased
No change
Increased
Significantly increased
Ohio REALTORS Flash Survey: Residential Economic Pulse
1 / 5
49.04% 485
36.00% 356
12.13% 120
1.92% 19
0.91% 9
Q1 HOW HAS CORONAVIRUS (COVID-19) AFFECTED HOME BUYERINTEREST IN YOUR MARKET?
Answered: 989 Skipped: 1
TOTAL 989
Significantlydecreased
Decreased
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly decreased
Decreased
No change
Increased
Significantly increased
Ohio REALTORS® Flash Survey:
Residential Economic Pulse April 8, 2020
| PG #10 |
COVID-19 Impact: Number of Homes
Ohio REALTORS Flash Survey: Residential Economic Pulse
2 / 5
31.06% 305
53.36% 524
13.34% 131
2.24% 22
0.00% 0
Q2 HOW HAS CORONAVIRUS (COVID-19) AFFECTED THE NUMBEROF HOMES ON THE MARKET?
Answered: 982 Skipped: 8
TOTAL 982
Significantlydecreased
Decreased
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly decreased
Decreased
No change
Increased
Significantly increased
Ohio REALTORS Flash Survey: Residential Economic Pulse
2 / 5
31.06% 305
53.36% 524
13.34% 131
2.24% 22
0.00% 0
Q2 HOW HAS CORONAVIRUS (COVID-19) AFFECTED THE NUMBEROF HOMES ON THE MARKET?
Answered: 982 Skipped: 8
TOTAL 982
Significantlydecreased
Decreased
No change
Increased
Significantlyincreased
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Significantly decreased
Decreased
No change
Increased
Significantly increased
Ohio REALTORS® Flash Survey:
Residential Economic Pulse April 8, 2020
| PG #11 |
COVID-19 Impact: Sellers Removing Homes
Ohio REALTORS Flash Survey: Residential Economic Pulse
3 / 5
21.13% 209
30.84% 305
48.03% 475
Q3 HAVE YOU SEEN ANY SELLERS REMOVE THEIR HOME FROMTHE MARKET COMPLETELY DUE TO CORONAVIRUS (COVID-19)?
Answered: 989 Skipped: 1
TOTAL 989
Not sure
No
Yes, removedhomes
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Not sure
No
Yes, removed homes
Ohio REALTORS Flash Survey: Residential Economic Pulse
3 / 5
21.13% 209
30.84% 305
48.03% 475
Q3 HAVE YOU SEEN ANY SELLERS REMOVE THEIR HOME FROMTHE MARKET COMPLETELY DUE TO CORONAVIRUS (COVID-19)?
Answered: 989 Skipped: 1
TOTAL 989
Not sure
No
Yes, removedhomes
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Not sure
No
Yes, removed homes
Ohio REALTORS® Flash Survey:
Residential Economic Pulse April 8, 2020
| PG #12 |
Ohio REALTORS Flash Survey: Residential Economic Pulse
4 / 5
3.89% 38
79.51% 776
73.87% 721
52.66% 514
33.20% 324
37.81% 369
Q4 IN REGARDS TO CORONAVIRUS (COVID-19), HAVE YOU SEENANY OF THE FOLLOWING CHANGES IN HOME SELLER LISTING
BEHAVIOR?Answered: 976 Skipped: 14
Total Respondents: 976
No changes
Stop openhouses
Buyers need touse hand...
Will not allowbuyers in...
Restrictlisting...
Buyersrequired to...
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
No changes
Stop open houses
Buyers need to use hand sanitizer/wash hands upon entering
Will not allow buyers in w/shoes/need to wear footies
Restrict listing presentations
Buyers required to wear gloves
COVID-19 Impact: Home Seller Listing BehaviorOhio REALTORS Flash Survey: Residential Economic Pulse
4 / 5
3.89% 38
79.51% 776
73.87% 721
52.66% 514
33.20% 324
37.81% 369
Q4 IN REGARDS TO CORONAVIRUS (COVID-19), HAVE YOU SEENANY OF THE FOLLOWING CHANGES IN HOME SELLER LISTING
BEHAVIOR?Answered: 976 Skipped: 14
Total Respondents: 976
No changes
Stop openhouses
Buyers need touse hand...
Will not allowbuyers in...
Restrictlisting...
Buyersrequired to...
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
No changes
Stop open houses
Buyers need to use hand sanitizer/wash hands upon entering
Will not allow buyers in w/shoes/need to wear footies
Restrict listing presentations
Buyers required to wear gloves
Ohio REALTORS® Flash Survey:
Residential Economic Pulse April 8, 2020
| PG #13 |
COVID-19 Impact: MLS Policy Change
Ohio REALTORS Flash Survey: Residential Economic Pulse
5 / 5
29.24% 288
25.69% 253
45.08% 444
Q5 Has your MLS changed its policy so that properties can stay activewithout being shown during the COVID-19 crisis?
Answered: 985 Skipped: 5
TOTAL 985
Yes
No
Unsure
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Yes
No
Unsure
Ohio REALTORS Flash Survey: Residential Economic Pulse
5 / 5
29.24% 288
25.69% 253
45.08% 444
Q5 Has your MLS changed its policy so that properties can stay activewithout being shown during the COVID-19 crisis?
Answered: 985 Skipped: 5
TOTAL 985
Yes
No
Unsure
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
ANSWER CHOICES RESPONSES
Yes
No
Unsure
The survey had 1,072 responses. For 93 percent of respondents,
the majority of their business is residential. For 7 percent of
respondents, the majority of their business is commercial.
Ohio REALTORS® is Ohio’s largest professional trade
association, representing more than 33,000 members,
including the profession’s institutes, societies and councils,
involved in all aspects of the real estate industry. Ohio
REALTORS® membership includes brokers, salespeople,
property managers, appraisers, counselors and others
engaged in both residential and commercial real estate.
The term REALTOR® is a registered collective membership
mark that identifies a real estate professional who is a member
of the National Association of REALTORS® and subscribes
to its strict Code of Ethics.
Working for Ohio’s property owners, Ohio REALTORS®
provides a facility for professional development, research and
exchange of information among its members and to the public
and government for the purpose of preserving the free
enterprise system and the right to own real property.
ABOUT
| PG #14 |
200 East Town Street Columbus, OH 43215 | www.ohiorealtors.org