Our local real estate market has been on an unprecedented run these last years due to the popularity of the Adirondacks and a limited inventory of homes for sale. This bull market positioned home owners well for continued pricing optimism going into 2020. We all know however that our world has been turned upside down by COVID-19.
I have received many calls and emails from potential clients asking how COVID-19 will affect our local real estate market. To answer peoples questions, we should look to historical events and the effects those events had in the short, and long term.
Bob Miller is an Associate Broker with 10 years of real estate experience as well as 15 years of service as a former Lake Placid School Board member, and is currently a 3-time elected Town Councilman in Lake Placid.