BAKERSFIELD, Calif. (KERO) — As the government shutdown drags on, its impact is being felt in an already sluggish housing market. Local realtors say buyer confidence is dropping, listings are rising, and homes are staying on the market longer than usual.

Kevin Oliver, a California realtor with more than 20 years of experience, says this year has been one of the slowest he’s seen in a long time.

“Our houses are staying on the market longer — we’re not able to turn them as fast — and that directly impacts my bottom line and my ability to support my family,” Oliver said.Oliver points to inflation and rising costs as key factors driving the slowdown.

According to the Crabtree Monthly Housing Report, the Bakersfield market has seen about a 22% decline in buyer demand compared to last year.

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