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Housing shortage impacting local real estate market

 

If your Door County home is valued between $150,000 and $250,000 it will probably sell fast, according to Sturgeon Bay realtor Ame Grail.  With millions of seniors citizens staying in their homes longer than prior generations, home buyers and area realtors are feeling the housing shortage crunch.  According to economists at Freddie Mac, over 1.4 million homes have been kept off the market by owners born from 1931 to 1947.  Grail says the demand for homes covers all prices and locations.

 

 

Grail says homes in the Sturgeon Bay area that list for between $150,000 to $250,000 are either non-existent or sold immediately after being put on the market.  She says the housing shortage is a national crisis that showed up in other parts of the country before impacting local listings and also causing increases in rent costs.  

 

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