Why Are Buyers Killing Each Other to Get Houses?

Michael Mahoney
Michael Mahoney Boston Realtor with Century 21 American PropertiesRealtor®
e: mike@mmahoney.com
w:www.RealtorMikeMahoney.com
c:617-615-9435

It’s really quite simple. It’s the law of supply and demand.

In June, the total inventory in Massachusetts for single family residential homes was off by 51%.  Now add in the millions of intelligent, employed, well paid millennials coming of age as first time home buyers with interest rates hovering and 3% and BOOM…just like that buyers swarming like bees to make a deal happen.

Full Report from Massachusetts Association of Realtors

Download the Single Family Residential Market June 2019 to June 2020 Comparison

You should be a seller now

This is a series of graphs showing the June 2020 stats on single family homes furnished by the Massachusetts Association of Realtors
Click to enlarge

*Opinions expressed in this post are the expressed opinion of Realtor, Michael Mahoney and not the brokerage I am affiliated with. The data for  the report is based on property records in the MLSPIN. The set of data used is Norfolk and Suffolk County.

 

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Search for Your Dream Home

  1. 5 beds, 4 full baths
    Home size: 3,560 sq ft
    Lot size: 40,075 sqft
    Year built: 2019
    Parking spots: 12
    Days on market: 3
    Walk Score®: 8
    Listed with Bel Air Properties
  2. 2 beds, 2 full, 1 half baths
    Home size: 2,221 sq ft
    Lot size: 11.60 ac
    Year built: 2020
    Parking spots: 4
    Days on market: 3
    Walk Score®: 44
    Listed with Coldwell Banker Realty - Westwood
  3. 4 beds, 2 full, 1 half baths
    Home size: 2,674 sq ft
    Lot size: 12,000 sqft
    Year built: 1996
    Parking spots: 6
    Days on market: 4
    Walk Score®: 6
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  4. 4 beds, 4 full, 3 half baths
    Home size: 7,234 sq ft
    Lot size: 1.94 ac
    Year built: 1999
    Parking spots: 9
    Days on market: 5
    Walk Score®: 3
    Listed with Coldwell Banker Realty - Westwood
  5. 5 beds, 5 full, 2 half baths
    Home size: 5,758 sq ft
    Lot size: 2.00 ac
    Year built: 2002
    Parking spots: 11
    Days on market: 5
    Walk Score®: 8
    Listed with Coldwell Banker Realty - Westwood

See all Century 21 Realtor in city of Westwood - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


  1. 5 beds, 5 full, 2 half baths
    Home size: 8,575 sq ft
    Lot size: 3.00 ac
    Year built: 2004
    Parking spots: 9
    Days on market: 215
    Walk Score®: 6
    Listed with Dover Country Properties Inc.
  2. 3 beds, 2 full, 1 half baths
    Home size: 2,510 sq ft
    Lot size: 13.72 ac
    Year built: 1962
    Parking spots: 8
    Days on market: 297
    Walk Score®: 8
    Listed with Mathieu Newton Sotheby's International Realty

See all Century 21 Realtor in city of Sherborn - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


  1. $2,900,000 : 78 Morton Rd, Milton
    6 beds, 4 full, 1 half baths
    Home size: 5,737 sq ft
    Lot size: 19,580 sqft
    Year built: 1795
    Parking spots: 10
    Days on market: 4
    Walk Score®: 79
    Listed with William Raveis R.E. & Home Services
  2. 6 beds, 4 full, 1 half baths
    Home size: 7,970 sq ft
    Lot size: 5.57 ac
    Year built: 1920
    Parking spots: 9
    Days on market: 107
    Walk Score®: 8
    Listed with Douglas Elliman Real Estate

See all Century 21 Realtor in city of Milton - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


  1. 3 beds, 3 full baths
    Home size: 1,839 sq ft
    Year built: 2020
    Parking spots: 2
    Days on market: 2
    Walk Score®: 98
    Listed with The Quinn
  2. 4 beds, 4 full, 1 half baths
    Home size: 4,500 sq ft
    Lot size: 2,200 sqft
    Year built: 1880
    Parking spots: 3
    Days on market: 2
    Walk Score®: 98
    Listed with Brokers Collaborative
  3. 4 beds, 3 full baths
    Home size: 2,473 sq ft
    Lot size: 1,079 sqft
    Year built: 1880
    Parking spots: 3
    Days on market: 3
    Walk Score®: 97
    Listed with Gibson Sotheby's International Realty
  4. 3 beds, 3 full, 1 half baths
    Home size: 2,845 sq ft
    Year built: 1890
    Parking spots: 2
    Days on market: 3
    Walk Score®: 78
    Listed with Boston Realty Advisors
  5. 3 beds, 3 full baths
    Home size: 2,189 sq ft
    Year built: 1890
    Parking spots: 2
    Days on market: 3
    Walk Score®: 78
    Listed with Boston Realty Advisors

See all Century 21 Realtor in city of Boston - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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