Many industries have taken a hard hit since COVID-19, but realtors said it hasn’t slowed down their sales much.
With mortgage rates being at an all-time low, realtors say they are seeing more buyers than they have homes listed for.
“The only thing that has slowed down are the listings that are out there and we have a lot of buyers wanting to buy we just don’t have the listings,” said Amy Bladow, the 2020 president of the Oklahoma Association of Realtors.
With not enough homes on the market, it has caused bidding wars and multiple offers being put down on homes.
“Once a house hits the market it is being sold in hours,” said Kaylee Wiles, a realtor with the OklaHome Team.
They believe the influx of buyers is due to the low interest rates for mortgages.
“Interest rates are the lowest I have ever seen them at and I have been doing this for 20 years,” said Jennifer Hodgens, the lead realtor with OklaHome.
With buyers still coming, they have changed how they are showing homes. Now, they are utilizing social media to do home tours and open houses. If they do go to a home, they social distance and make sure everyone is wearing masks and gloves.
If a potential home buyer is OK with doing that, they could get more bank for their buck.
“They can really get an incredible deal,” said Hodgens.