How Supply and Demand Can Impact Your Buying and Selling Goals
By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
How Supply and Demand Can Impact Your Buying and Selling GoalsIn todays housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that's exactly the case in todays housing market. So, knowing what's happening with the inventory of homes for sale and the demand for housing is crucial for todays buyers and sellers.Nationally, Demand Is High and Supply Is Very LowThe latest buyer and seller activity data from the National Association of Realtors (NAR) indicates buyer traffic heavily outweighs seller traffic today, as shown in the...
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