The following is from an article that appeared in Over the Mountain Journal on March 11, 2021
In what ways has the pandemic affected the OTM real estate market?
The biggest impact from the pandemic is that it exacerbated the problem with low inventory. More sellers have been hesitant to list. So, prices in Mountain Brook, Homewood and Vestavia have increased at a faster pace than they would have otherwise. Those markets are so competitive that listings price appropriately and in good shape are getting multiple offers. Often, winning bids are significantly above asking price and some buyers are even waiving their contingencies on financing and inspections.
Over the past 12 months, have you seen any changes in what buyers are looking for?
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