Burgan: Some Buyers are Getting Priced Out of Housing Market

BOARDMAN, Ohio — Real estate prices have increased nearly 20% since January, says Patrick Burgan, broker & co-owner of Burgan Real Estate. The average sale price for a house last year was $130,000 compared with “just north of $160,000,” he says.

“A lot of people are actually getting priced out of the market,” Burgan continues. “With these bidding wars, we’re seeing prices well over asking price. So unfortunately it’s becoming so competitive for buyers that a lot of the time they’re missing out on houses because the prices are escalating so quickly,” he adds.

You can read more in George Nelson’s story by clicking HERE.

Copyright 2021 The Business Journal, Youngstown, Ohio.