Shorewest Realtors’ Ame Grail says Door County’s real estate market is seeing unprecedented conditions that favor home sellers. It is a rare combination where the number of homes listed is down while buyer interest has skyrocketed compared to 2019 levels. Grail shares the numbers.
Grail says that given Door County’s sizable percentage of rental and vacation home properties, owners are in an exciting position. They should start considering what price would get them to sell, even though they may not be actively looking to do so. If more people realize that today’s market can fetch that amount, inventory will rise, and conditions will find a more sustainable balance.
Inventory constraints could be a temporary thing. Nationwide, the Census Bureau reports that single-family housing starts were up last month by 12.1% compared to August of 2019.