With demand surging and inventory for mid-priced homes at historic lows, Ben Rego, agency manager at Rego Sotheby’s International Realty, has a message for homeowners: don’t wait too long to sell.

“All we know now is that you likely will get more today for your home than you can get in an uncertain future,” he said. “The market always goes in cycles, yet over time Bermuda real estate has always proven to be resilient and a good long-term asset.”

While urging homeowners to “strike while the iron is hot,” Mr Rego said he doesn’t believe in pressure tactics.

“I am never one to always say now is the time to sell, as for every family it is different based on their confidential circumstances,” he says. “If the decision is that now isn’t the time to consider this big step, then I’m happy to be right there with my clients to embrace their real estate goals and timing as if they were my own.”

He says the “scorching” market is being driven in part by a severe shortage of homes in the $1.5 million to $3 million range.

“There is next to nothing available, and when there is a wonderful home in a great location in this bracket listed, it is undoubtedly going to sell quickly and likely at a higher number than what a seller ever imagined possible if handled well and marketed to a professional standard.”

That marketing increasingly takes place on social media, where Mr Rego says “tens of thousands of views, sometimes over six figures across all platforms” is now common. “The more eyes on a listing and exciting buzz we create for a property via social media, the more keen buyers come storming in with the fear of missing out.”