Buyer Demand Continues Outpacing Supply of Homes for Sale

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Real Estate Agent with PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties

Buyer Demand Continues Outpacing the Supply of Homes for Sale

Buyer Demand Continues Outpacing the Supply of Homes for Sale | MyKCM
The price of any item is determined by the supply of that item, as well as the 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 Traffic | MyKCM The darker the blue, the stronger the demand for homes in that area. Only three 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, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes. Seller Traffic | 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 the 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! Call Julie Larson TODAY at 941-882-0322 to get more information regarding the value of your home or complete the form below!
 
~ Keeping Current Matters
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Home Selling
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Florida Sarasota County
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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Julie,  In Denver we have such a low inventory and prices keep going up.  Make it a great day!

Aug 05, 2017 07:55 AM #1
Rainer
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Pat Braithwaite
Braithwaite Realty - Marietta, GA
E-Pro

We are being encouraged in Georgia to communicate with more Sellers. Homes are selling very fast.

Aug 05, 2017 08:01 AM #2
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Julie Larson Realtor® Sarasota FL 941-882-0322

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