Buyer Demand Still Outpacing The Supply Of Homes For Sale

Dated: 03/27/2018

Views: 180

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

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!


What's Your Home Worth?

View Our Instant Market Report, Including Comparables, Instantly


Search Homes For Sale

Blog author image

Vince Caropreso

Being the CEO and Team Leader of Team Caropreso, Vince specializes in Listings, Marketing, REO/Foreclosures,Short Sales and working with Investors. With 18 years of experience and selling over 700 hom....

Latest Blog Posts

What Is A Buyers Agent

What Is a Buyer's Agent? Ready to house hunt? It can be a jungle out there: Prepare for a flurry of paperwork, stampedes of buyers competing for the same digs, and other

Read More

What To Expect From A Listing Agent

What role does a listing agent play?A listing agent's job is to help direct the seller in preparing the house for sale, market the property to buyer's agents, and handle the offer and

Read More

ARE YOU REPRESENTED

ARE YOU REPRESENTED?HISTORYDid you know that not until 1999, real estate agents generally worked for home sellers.  Agents would assist sellers in finding qualified buyers for their property.

Read More

Demand For Homes To Buy Continues To Climb

Demand for Homes to Buy Continues to ClimbAcross the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers

Read More