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Winter homebuyers see intense demand, sellers gaining lightning speed sales, Lehigh Valley real estate agents say
Updated Jan 18, 2021;
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Winter home buying is expected to bring on more intense bidding wars as inventory levels continue to drop across the regional housing market, folks quarantining seek greater amenities, and mortgage rates hit near-record lows, Lehigh Valley real estate agents say.
For sellers, properties last month began selling at an average of just 19 days. It’s been an unusually active winter season. Sales typically start slowing down by mid-November, but this hasn’t been a typical season given the ongoing pandemic.