HOLLAND — According to one local realtor, it could be years before housing inventory catches up to the extreme sellers’ market created by the pandemic.
“It’s been a really weird year in real estate,” said Briana Beyer of Coldwell Banker Woodland Schmidt in Holland. “If anything, it’s proven resilient during COVID and all these challenges we’ve been facing. But we still have a nationwide inventory shortage.”
According to real estate website Zillow, there are 12 listings in Holland between $150,000 and $275,000. Most of those will be gone within the week.
“That’s most likely going to take years to correct,” Beyer said. “We’ve seen early signs of the crunch easing up. Nationwide, we saw a 3.9 percent increase in May. In Holland, it feels like more listings are coming on the market. But nowhere near what it was.”
Beyer noted summer listings often come from families looking to relocate before school begins in late August, which could mean another inventory…