Car after car parked next to the snow on the side of the road. Families walking on the street or waiting in line in the driveway. That’s the scene in a video recorded by realtor Stacy DiPhillipo at a recent open house in Lancaster.”There were hundreds of people that showed up, and, you know, I had a buyer that I was bringing, and it’s frustrating because you have to wait hours to get in, and sometimes you don’t even get in at all,” the agent of Lamacchia Realty said. The supply of homes for sale is extremely low, but demand is high. That leads to intense competition for homes.”You have normal seasonality, you have the virus getting worse again around the holidays, and now the snow. You put all those three together – it’s pushing inventory down as demand is soaring,” Anthony Lamacchia said.Kevin Green and his wife recently sold their home in Medford. It was listed on Jan. 27 and stayed on the market for less than a week. “We got roughly around 50 private showings, and we were somewhere around 150 for the open house visits, which was crazy, and on Tuesday – right when offers were due – we received around 29 offers,” he said. So what should prospective buyers do? “If you’re a buyer, give it 60 days. Give it 90 days. It’s not going to stay like this. More and more sellers will list, more and more buyers will find the homes they want,” said Lamacchia.And what about sellers who are concerned about finding their next home? “We can contractually protect the seller so that they don’t end up homeless and the seller can also contractually protect themselves so they don’t end up having two homes to pay for. That shouldn’t be their concern right now,” said Lamacchia. “Selling their home is the easy part.”

Car after car parked next to the snow on the side of the road. Families walking on the street or waiting in line in the driveway.

That’s the scene in a video recorded by realtor Stacy DiPhillipo at a recent open house in Lancaster.

“There were hundreds of people that showed up, and, you know, I had a buyer that I was bringing, and it’s frustrating because you have to wait hours to get in, and sometimes you don’t even get in at all,” the agent of Lamacchia Realty said.

The supply of homes for sale is extremely low, but demand is high. That leads to intense competition for homes.

“You have normal seasonality, you have the virus getting worse again around the holidays, and now the snow. You put all those three together – it’s pushing inventory down as demand is soaring,” Anthony Lamacchia said.

Kevin Green and his wife recently sold their home in Medford. It was listed on Jan. 27 and stayed on the market for less than a week.

“We got roughly around 50 private showings, and we were somewhere around 150 for the open house visits, which was crazy, and on Tuesday – right when offers were due – we received around 29 offers,” he said.

So what should prospective buyers do?

“If you’re a buyer, give it 60 days. Give it 90 days. It’s not going to stay like this. More and more sellers will list, more and more buyers will find the homes they want,” said Lamacchia.

And what about sellers who are concerned about finding their next home?

“We can contractually protect the seller so that they don’t end up homeless and the seller can also contractually protect themselves so they don’t end up having two homes to pay for. That shouldn’t be their concern right now,” said Lamacchia. “Selling their home is the easy part.”