Seller’s Market Continues in 2021

Seller’s Market Continues in 2021

Buyers seeking homes with space for home offices is contributing to the increased sales By Deborah Jeanne Sergeant Although times of uncertainty would seem to foster a stagnant housing market — everyone staying put until things settle down — the pandemic has continued to boost a seller’s market as numerous people want something different and for a variety of reasons. “We’ve had an incredible year, even with COVID,” said Bill Galloway, broker and owner at Century 21 Galloway Realty in Oswego. “This year is definitely going to be a sellers’ market.” He added that a lack of inventory is what will continue to propel the trend. In addition to low interest rates, stimulus checks have nudged some buyers toward a purchase as they can offer a bigger down payment. Galloway said buyers range from those wanting a fixer-upper to higher-end homes. “There’re buyers throughout the market,” he said. Some people working at home want larger digs to have a home office, as they are realizing that working from home will likely continue indefinitely and maybe will become the norm for many companies. “Home offices are a huge thing,” Galloway said. “They want that larger square footage. There’s a lot of

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