If you're thinking about buying a house in the Poconos you better hurry -- lots of other people are too.
“In the worst part of the market, when I started in the 1990s, our vacation market collapsed. We were approaching almost 5000 homes being listed. As of this morning there are 660 homes available," said Dominick J. Sacci, a broker and owner of Pocono Mountains Real Estate.
Driving the demand? The coronavirus has people rethinking dense urban living like New York and North Jersey. Mix that with historically low interest rates and you have a white-hot market.
"It's very reminiscent of post September 11th,” Sacci said. “Usually what is a negative for New York and New Jersey is a positive for here, and I just mean that in terms of market dynamics."
Realtors say many buyers are looking at the properties as second homes in case the virus gets even worse.
Not only is demand up, supply is down. About 30% year to date because most people with homes in the Poconos are staying put.
"Why would I up and relocate my family with all the uncertainty of COVID?,” Sacci said.
However, if you decide you'd like to hop on the bandwagon, patience is key.
"We have families that have made 6, 7, 9 offers on homes. They were all multiple offers and they didn't get them,” Sacci said.
It could keep going on for a while.
"If we are blessed enough, and lucky enough, to move on from COVID in the next six months to a year, then it's going to be about the economy, who won the presidential election, and where consumer confidence is."