How high is the sky? As housing prices skyrocket, bidding wars and fortnight sales are business as usual.
BY SOFIA VOLTIN
The first few hours in this lightning-quick Maine real estate market are critical. Appointments to show a competitively priced home may be fully booked within minutes. When real estate agents see this happen, we know we can safely bet the house will be under contract within a few days.
“In old-school, traditional real estate, we’d say a house is on the market for six months in a balanced market,” says John Hatcher of The Hatcher Group affiliated with Keller Williams Realty in Portland. “I don’t think we’re going to see that again. These days, if anything is listed for three months, buyers think there’s something wrong with it.”
Read the full story in the digital magazine above.
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