Topeka houses are in high demand and low supply. More builders and home remodels could be part of the solution.

Intense bidding wars, cash offers, sight-unseen purchases, homes on the market for less than 48 hours — that’s the reality right now for homebuyers in the Topeka area. National news in recent weeks has highlighted rising home prices, strong demand for real estate and a low inventory of houses for sale, and local markets aren’t immune. In Shawnee County last month, homes sat on the market for a median of two days — down from a median of about eight days in April 2020. Such numbers are being fueled by a local shortage of homes for sale, and real estate professionals don’t see the light at the end of the tunnel. “There’s a lot of demand. There’s just not a lot of inventory,” said Linda Briden, CEO of the Sunflower Association of Realtors.
Source: CJonline.com.