Housing market ‘very heated’ with high demand, low interest rates

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GREEN BAY, Wis. (NBC 26) — In Northeast Wisconsin, Realtor Mark Cherney says it’s time to sell.

“We’ve seen seller’s markets and we’ve seen buyer’s markets in the past, but I’ve never seen anything quite like this,” Cherney, a real estate broker with Real Living Bay Realtors, said. “There’s a high demand, so there’s 10 buyers for every house that’s listed out there.”

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Since the start of the pandemic, many sellers have taken home a big profit.

Buyer demand is booming with average mortgage interest rates sitting at and below three percent across the state.

Ben Bokun, NBC 26

In Northeast Wisconsin, Realtor Mark Cherney says it’s time to sell.

“It’s a very heated market and I don’t see it ending anytime soon, as long as interest rates stay down where they are,” Cherney said.

And it’s a short supply. According to the REALTORS Association of Northeast Wisconsin, new listings were down almost 14…

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