New apartments, office to be built at Lobster in the Rough in York ME seacoastonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seacoastonline.com Daily Mail and Mail on Sunday newspapers.
Briefs - Portland Press Herald pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.
YORK, Maine — Jeff Jellison, a York native with more than 20 years of experience in real estate, said he hasn't seen anything quite like today's local housing market.
Demand has been exceptionally high in recent months, and the inventory in York is at an "unprecedented" low, spurring rapid-fire deal-making in an environment that clearly favors sellers, he said.
"Any time a nice house comes on the market, there's a mad dash for it," said Jellison, a broker and residential real estate developer with Century 21 Atlantic Realty.
"That demand is just going to continue ...
it can't level out until the inventory starts to rise," he said.