“Overall our absorption rate, quote on quote, which is how quickly houses will sell is about is a little bit under a month.
People are putting their money into real estate now and having a vacation home,” Annamarie Hopkins, of A Smarter Move Real Estate, said.
In this case, supply is low and demand is high, much like the toilet paper market at the beginning of the pandemic.
And some sellers are starting to list more but buyers are buying them quicker than they can list,” local realtor Nicci Garmon said.
“People were stuck at home and they started realizing, you know what, we chose this house because of a commute.