Sales or absorption of housing units dropped by 67% to 21,294 across top nine cities in the second quarter of calendar 2020, from 62,851 in the year-ago period, according to a PropEquity report. The sales declined because of the Covid-19 outbreak and lockdown. The supply of new units also dropped by 81% during the period to 11,967.
Covid-19 impact: Housing sales down 67% in April-June, says PropEquity
The supply of new units also dropped by 81% during the period to 11,967.
 "Coronavirus, real estate, realty, construction, housing sales")
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The sales declined because of the Covid-19 outbreak and lockdown.
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