Shortage of Homes For Sale has Spread Across All Price Ranges
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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
According to Realtor.com the supply of homes for sale was in December 2019, was 12% lower when compared to December 2018. The shortage of homes for sale is worst on the low end of the market, but the supply drain is actually accelerating across all price tiers, and that includes the most expensive homes. Buyer demand is so strong, that whatever is on the market is sold quickly.
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