Supply VS Demand

    Buyer Demand Still Outpacing the Supply of Homes for Sale


    The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

    Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

    Buyer Demand

    The map below was created after asking the question: “How would you rate buyer traffic in your area?”

    Buyer Demand Still Outpacing the Supply of Homes for Sale | MyKCM

    The darker the blue, the stronger the demand for homes in that area. Only four states had a ‘stable’ demand level.

    Seller Supply

    The index also asked: “How would you rate seller traffic in your area?”

    As you can see from the map below, 25 states reported ‘weak’ seller traffic, 21 states reported ‘stable’ seller traffic, 3 states and Washington D.C. reported ‘strong’ seller traffic, and only 1 state reported ‘very strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

    Buyer Demand Still Outpacing the Supply of Homes for Sale | MyKCM

    Bottom Line

    Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!

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    I live in the best place on Earth. I was raised here in the beautiful mountains of Western North Carolina, which I am proud to call my home. I spend my free time exploring the great outdoors and I have found there is always a surprise, opportunity, or adventure around the corner. Through my adventures I have learned that sometimes we need the help of a guide to find what we want. Whether you are a first time home buyer, experienced investor, or anywhere in between, I have the perseverance and determination to help. My goal is to guide you through the experience. I will spend the time and effort you require to make the experience not only enjoyable but memorable as well. My mission is simple: To lead my clients through the real estate process by anticipating their needs and exceeding their expectations. Let the journey begin!

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