• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Christina MacPhee

  • Home
  • About
    • Blog
    • Testimonials
  • Communities
    • Agoura
    • Calabasas
    • Camarillo
    • Malibu
    • Moorpark
    • Newbury Park
    • San Fernando Valley
    • Simi Valley
    • Thousand Oaks
    • Westlake Village
  • MLS Search
  • Featured Listings
  • Solds
  • Resources
    • Buyers
    • Golf Courses
    • School Ratings
    • Sellers
    • Staging
    • Utilities
    • Moving
    • Mortgage Calculator
    • Food & Wine
  • Get In Touch

Blog / March 28, 2018

Buyer Demand Still Outpacing the Supply of Homes for Sale

Buyer Demand Still Outpacing the Supply of Homes for Sale | Simplifying The Market

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 | Simplifying The Market

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 | Simplifying The Market

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!

Powered by WPeMatico

Filed Under: Blog

Primary Sidebar


0 / 180

Footer

CONTACT

971 S. Westlake Blvd, Suite 100, Westlake Village, CA 91361

Call: 805-231-6880

Email: ChristinasHomes4Sale@gmail.com

About

We are award-winning Realtors and have worked hard to earn the respect of our clients and colleagues.

CONNECT

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2022 · The MacPhee Group

Copyright © 2022 · Digital Pro on Genesis Framework · WordPress · Log in