Our little state packs a big wallop, when it comes to outdoor space, forested land, beaches, and low density in most places. We also enjoy, of course, easy access to the greater NYC metro area. Those factors have combined to make this at least a temporary home to many displaced New Yorkers. They are looking at, renting, and buying property in most counties. All of us in real estate can feel the activity, and we are also noticing all the New York license plates on the roads. Inventory of listed properties is very low, and multiple offers are evident at many price points.
Not only is this a great place to live, but we also seem to have done an excellent job in bringing down the rate of infection for the coronavirus. This adds to the feeling of safety and serenity that is making people snap up our property. After a long, quarantined spring, it's nice to think that all the hibernating paid off.
And brought us an economic boost as well. Every real estate transaction has a multiplier effect on the economy, and will help to make up for the slow second quarter. In fact, although we are expecting a slow summer for tourism, maybe that's because the tourists have decided to move here, instead of just visiting. That bodes well for the value of our homes, our commercial property, and our tax base. So, whether you are thinking about becoming a Nutmegger, or just renting a place for the season, welcome!
