Q: Why Has Our Housing Shortage Been Amplified?

Connecticut Real Estate Expert Andy Sachs

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4+ y ago

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Since the coronavirus hit, our shortage of supply has only been amplified.
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Today I want to talk about a trend we’ve been noticing since the beginning of the winter market. Before the coronavirus hit, we were experiencing a shortage of supply, but now that shortage has been amplified. With more and more buyers coming out of New York, we have a need for supply. Homes that are priced well and in good condition are attracting multiple bids and generally last less than 72 hours on the market.
In my 15-year career, I’ve never seen this happen and I don’t know how long it will last, but it’s worth knowing whether you’re a buyer or seller. If you’d like to talk more about this topic or have any other real estate needs, don’t hesitate to reach out to me. I’m here to help.

23 episoder

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