A house is for sale in the Spicewood neighborhood on Thursday. (Rich Janzaruk / Herald-Times)
Editor's note
This is the second installment in a multipart series on the local housing market.
The Monroe County housing market is running out of homes to sell.
In March, the local market had enough single-family homes, condos and townhouses for sale to last about 2.2 months at the current sales pace. That was one month less supply than the market had a year earlier. And it’s about a third of the six-month supply that indicates a healthy housing market.
Local real estate experts told The Herald-Times that homes get multiple offers as soon as they hit the market, and would-be buyers usually are willing to pay more than sellers are asking.
Sally Baird, with Sterling Real Estate, said she has not listed any home this year that received fewer than four offers. One of her homes this year got 13 offers.
“The frenetic pace of the market right now … is unlike anything I’ve experienced,” said Baird, who has worked in the local market as a licensed Realtor for nearly 20 years.
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