Lots going on in the market today. Despite rising interest rates, buyers are still finding stiff competition in the housing market. The lack of inventory is still causing appreciation in home prices and multiple offer situations   This is especially prevalent in the 500k and under market.

This week, an agent on my team wrote an offer a listing priced at $469,000 well into the 5’s, waived the contingencies and still did not get the property under agreement. He was one of 25 offers.

Nationwide, two thirds of the properties that go on the market are getting multiple offers.

Is there a slowdown? The mainstream media outlets only show one side.
Watch the videos below

There is always an array of factors at play in the residential real estate. The video updates can aid with information to help make better selling or buying decisions.

Did you know that I help people relocate out of state? With our global Century 21 network, I am able to locate, and vet the very best agents should you decide to leave my area area. Give me a call, text, tweet or email and I will help you.

Hope you have a great weekend. Mike.

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About Realtor Michael Mahoney

Michael Mahoney | Realtor® | 617-615-9435 | mike@mmahoney.com

I am Michael Mahoney, a full-time Realtor® in the Boston area affiliated with Century 21. I have been a Boston area Realtor® since late 2001.

It’s my mission to help people realize their form of the “American Dream” using homeownership, real estate wealth building, and real estate investment as cornerstone of their financial foundation.

I work in all price points. The majority of my business is repeat clients and the referral of clients from all over Eastern Massachusetts.

I view my role as the advisor who helps people go from the life they have to the life they dream about. I have sold everything from mobile homes to amazing estates. I have sold hundreds of homes in almost every town in Suffolk and Norfolk County. I also sell homes in Plymouth, Bristol and Middlesex Counties. When asked what my specialty is, I often joke and say “from section eights”.

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Michael Mahoney, Realtor® does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Michael Mahoney will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.