There has been a lot of activity in Real Estate during the Pandemic. It is unbelievable that even during these unprecedented time, there are more Buyers lookng for a property to buy.
The low interest rates and also the low supply of houses available for sale has contributed to the rising demands to own and purchase a property. Real Estate market has definitely gone down as compared to previous year, however, average house prices has gone up. Its unreal but yet True!
Multiple Bidding situation has been created by placing an Offer date to the Listing. There has been an average of 10-15 offers registered for one property that every buyers are hopeful to purchase. What will be the impact to the economy? Lets be optimistic and hope that this demand will fuel our economy in a positive way.