Real Estate: It's a seller's market thanks to coronavirus

By Micaela Marshall

Are you looking to buy a new home and/or sell the one you have? Turns out, demand is high right now and inventory is low.

A local realtor at Key Realty says it's a seller's market. That means if you're listing, expect to sell quick and if you're buying, expect to compete with other offers. But of course, price is king.

Aaron Siek and his wife Amanda lived in their Sylvania Township home for 15 years. This Mother's Day, they listed it.

"We just outgrew the space essentially and we're ready to move on and start a new life. You know, a new chapter in our life," said Siek.

It hasn't even been two weeks yet, and the house has been sold. Showings and multiple offers happened right away. In that short time frame, the couple also bought their next home - fighting off other bids there, too.

"We were just very grateful and blessed that an opportunity came along and we jumped on it and it feels like it's going to be pretty good for us. So, we're excited," said Siek.

Their realtor, Tyler Tresize, says the Siek's experience is the rule right now, not the exception. The market is hot. More…