The housing market was poised for a strong year in early 2020, as interest rates fell and the large millennial generation continued to age into its prime homebuying years. Home sales then plunged in the spring due to widespread shelter-in-place restrictions, before quickly rebounding in the summer and fall.
Source: https://www.wsj.com/articles/u-s-existing-home-sales-reach-highest-level-in-14-years-11611327933