“The market is hot for sure,” said RAYAC President Heather Kreiger. Kreiger attributed the rising demand to three key components: low inventory, low interest rates and an increase of potential buyers. “People are finally comfortable in financial situations again, and they’re wanting to move, to upgrade,” she said. “It’s not just a local trend; it’s something we’ve seen across the United States.”
Kreiger said the biggest factor contributing to the rise in sales is that because there are fewer homes on the market right now, the demand for a house increases and becomes more competitive.