Real Estate market sees boom, property values increase eight percent

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LEWISBURG, WV (WVNS) — If you are thinking about selling your home in the Mountain State, now might be a good time, as the real estate market is experiencing a boom.

Robert Bittinger Jr. is a managing broker at Coldwell Banker Stuart and Watts Real Estate in Lewisburg. He said just in that area alone, property values went up 8-percent.

“The prices have increased. Property values has, as well,” Bittinger said. “So, it’s going to make it a little bit more challenging for folks to continue to purchase because demand is high and supply is low.”

Meaning more people are buying but not as many are selling. However, this doesn’t change the idea that 2021 is a peak year in real estate.

“The peak year was definitely this year, no doubt about it. as a kind of result, in the same amount of sales that I did in 2020,” Bittinger said. “I basically did that business within the first six months of this year so it’s been very…

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