Michael Mahoney - Realtor with Century 21 American Properties
Michael Mahoney
617-615-9435617-615-9435

The shortage of homes for sale is getting much worse, even in luxury

The shortage of homes for sale is getting much worse, even in luxury

The overall supply drop in December represents a loss of about 155,000 listings compared with the previous December, and the number of new listings is also shrinking. The reasons for that are manifold: Older Americans are increasingly choosing to age in place, rather than sell their large homes. High prices are keeping potential move-up buyers from listing their properties. And, perhaps the most dramatic change in the market over the last decade, investors have turned about 5 million homes into single-family rentals. Those homes are largely out of the for-sale pool now. – Diana Olick, CNBC Real Estate Reporter

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Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com