Demand for homes high, supply low | Local News | tribstar.com - Terre Haute Tribune Star

With a record low number of homes for sale, homebuyers are often facing tough competition from multiple bidders, driving up the cost of homes.

Material costs are also increasing, bumping up the cost of a new home as much as $20,000, according to one Vigo County homebuilder.

For comparison, from 2000 to 2002, Vigo County had 700 to 800 homes listed for sale.

"We have a labor shortage in our market, in this market," Jenkins said.

"I saw a cartoon that showed a year ago people were fighting over toilet paper and now they're fighting over homes," Helman said.

Published On: Fri, 02 Apr 2021 13:09:10 GMT