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    Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale

    20161004-Share-STM

    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 your rate buyer traffic in your area?”

    20161004-Buyer-Traffic-STM-1024x768

    The darker the blue, the stronger the demand for homes in that area. Only four states came in with a weak or moderate demand level.

    Seller Supply

    The Index also asked: “How would your rate seller traffic in your area?”

    As you can see from the map below, the majority of the country has weak Seller 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.

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