Competition in this spring’s housing market is hotter than ever, thanks to high demand and record low supply.
Selling a home has likely never been easier, and while that may sound like great news for real estate agents, there is a problem: They are desperate to find listings.
“Frankly, this is not the time for amateurs,” said Dana Bull, a Boston area real estate agent. “This is the big leagues here.”
Bull has been in the real estate business for over a decade and has never seen it so lean. It’s not just Boston; nationally there are about half as many homes listed for sale right now without contracts on them as there were a year ago, according to realtor.com. The typical home is also now selling a week faster than last year.
By the numbers, there are now about twice as many working real estate agents as there are listings. Spring is usually the time of year when the most listings come on the market, but this March there were 20% fewer…