January 5, 2025 - 11:38
Low inventory and high prices continue to challenge potential homebuyers across Lackawanna and Luzerne counties in 2025, according to real estate experts. The local housing market remains tight, with a limited number of homes available for sale, which has driven prices upward, making homeownership increasingly difficult for many families.
Pat Rogan, a prominent real estate agent in the region, highlighted that the demand for homes is still outpacing supply. This imbalance has led to competitive bidding situations, where buyers often find themselves in bidding wars, driving prices even higher. Many prospective homeowners are feeling the pinch, as they struggle to find affordable options that meet their needs.
Experts suggest that this trend is likely to persist, as the combination of low inventory and rising prices creates a challenging environment for buyers. As the market evolves, it remains to be seen how these dynamics will shift, but for now, potential homeowners face a daunting landscape.
