The real estate market is booming right now but mainly for sellers. It’s a good time to sell your home but you may have a hard time purchasing a home.
Realtors say there are not enough houses on the market for the amount of buyers.
“The market is extremely hot,” said Kelly Williams Realty Associate Broker, Jeff Burke. “We’ve got a low inventory which pretty much creates a bidding war on almost practically every house. As long as it’s priced correctly.”
There are about 300 active home listings in the Greater Lansing area, but a typical market has about 1200.
Remax realtor Rob South says the pandemic played a role on the market.
