How Does the Supply of Homes for Sale Impact Buyer Demand?

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How Does the Supply of Homes for Sale Impact Buyer Demand?

The price of any item is determined based on the demand of the market as well as the supply of that item. National Association of Realtors (NAR) has conducted surveys “for surveys about 50,000 real estate professionals for their home sales, prices and their expectations for 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?”

For watch map and read the complete blog click here: First Time Seller

Read some Vantage Realty Professionals new blogs:

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?
2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
Are We About to Enter a Buyers’ Market?
Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]

Thanks,
Vantage Realty

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