{"id":319,"date":"2018-10-02T01:37:40","date_gmt":"2018-10-02T01:37:40","guid":{"rendered":"http:\/\/renwre.info\/2018\/10\/02\/how-does-the-supply-of-homes-for-sale-impact-buyer-demand\/"},"modified":"2018-10-02T01:37:40","modified_gmt":"2018-10-02T01:37:40","slug":"how-does-the-supply-of-homes-for-sale-impact-buyer-demand","status":"publish","type":"post","link":"http:\/\/renwre.info\/?p=319","title":{"rendered":"How Does the Supply of Homes for Sale Impact Buyer Demand?"},"content":{"rendered":"
\n

\"How<\/p>\n

The price of any item is determined by the supply of that item, as well as the market\u2019s demand for it.\u00a0The\u00a0National Association of REALTORS<\/em>\u00a0(NAR)\u00a0surveys\u00a0\u201cover 50,000 real estate practitioners about their expectations for home sales, prices and market conditions\u201d\u00a0<\/em>for their monthly\u00a0REALTORS Confidence Index<\/a><\/em>.<\/em><\/span><\/p>\n

Their latest edition sheds some light on the relationship between seller traffic<\/strong> (supply) and buyer traffic<\/strong> (demand).<\/p>\n

Buyer Demand<\/strong><\/h4>\n

The map below was created after asking the question:\u00a0\u201cHow would you rate buyer traffic in your area?\u201d<\/em><\/p>\n

\"How<\/a><\/p>\n

The darker the blue, the stronger the demand for homes is in that area. The survey showed that in 38 out of 50 states buyer demand was slightly lower than this time last year but remains strong. Only six states had a \u2018stable\u2019 demand level.<\/p>\n

Seller Supply<\/strong>\u00a0<\/strong><\/h4>\n

The index also asked:\u00a0\u201cHow would you rate seller traffic in your area?\u201d<\/em><\/p>\n

As you can see from the map below, 23 states reported \u2018weak\u2019 seller traffic, 22 states and Washington D.C. reported \u2018stable\u2019 seller traffic, and 5 states reported \u2018strong\u2019 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 homes.<\/p>\n

\"How<\/a><\/p>\n

Bottom Line<\/strong><\/h3>\n

Looking at the maps above, it is not hard to see why prices are appreciating in\u00a0many areas<\/a>\u00a0of 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\u2019s get together so I can help you capitalize on the demand in the market now!<\/p>\n<\/div>\n

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The price of any item is determined by the supply of that item, as well as the market\u2019s demand for it.\u00a0The\u00a0National Association of REALTORS\u00a0(NAR)\u00a0surveys\u00a0\u201cover 50,000 real estate practitioners about their expectations for home sales, prices and market conditions\u201d\u00a0for their monthly\u00a0REALTORS Continue reading How Does the Supply of Homes for Sale Impact Buyer Demand?<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/319"}],"collection":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=319"}],"version-history":[{"count":0,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/319\/revisions"}],"wp:attachment":[{"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=319"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}