Home listings are down about 50 percent because many sellers say they don't feel comfortable moving during the pandemic, Lippman reports. So few homes on the market plus increased buyer interest has resulted in a strong seller's market. Homeowners report buyers offering unheard-of prices for their properties, some without even doing an inspection first. Anecdotally, many of the buyers are younger couples with children who have secure, good-paying jobs that aren't linked to the local economy and can work remotely.
Since many of the buyers have children, schools in the Upper Valley are seeing increased enrollment, which can be complicated when many schools are reopening with distance learning, Lippman reports.