Deprecated: Optional parameter $post_types declared before required parameter $location is implicitly treated as a required parameter in /home/bigforkm/shortsalesellit.com/wp-content/plugins/monarch/monarch.php on line 3783
Home Buyer Demand Continues To Outpace Homes For Sale | Kris and Kimberly Darney

Home Buyer Demand Continues To Outpace Homes For Sale

Home Buyer Demand Continues To Outpace Homes For Sale. 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?”

Home Buyer Demand Continues To Outpace Homes For Sale

Home Buyer Traffic

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

Home Buyer Demand Continues To Outpace Homes For Sale

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.

Home Buyer Demand Continues To Outpace Homes For Sale

Home Seller Traffic

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 Us Now To Sell Your Home…

Office: 909.985.9392 or Text Us: 714.657.6634

[gravityform id=”15″ title=”true” description=”true”]

Kris and Kim Darney – REALTORS® – Grandparents – 909.985.9392 – CA BRE# 01930954; 01464957; 01458057

Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. As a result, if this statistic proves to be true, 59 million people will be looking to buy a home in...

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

92506 Real Estate Sales Year In Review Canyon Crest California

92506 Real Estate Sales Year In Review Canyon Crest California

It’s that time of year when we review the 2016 real estate market in Riverside Canyon Crest California, specifically the 92506 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

91784 A Real Estate Sales Year In Review for Upland California

91784 A Real Estate Sales Year In Review for Upland California

It’s that time of year when we review the 2016 real estate market in Upland California, specifically the 91784 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

Pin It on Pinterest

Shares
Share This