Buyer Demand Still Outpacing the Supply of Homes for Sale | Matthew Stewart Real Estate Team | Top Producer | Roseville | Granite Bay | Rocklin | Lincoln | Folsom

The price of any item is determined by the supply of that item, as well as 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?”

Buyer traffic is high in California. Inventory (homes for sale) is down which is putting pressure on the market causing pricing to increase. Sellers should be careful and not over price which will cause them to take longer to sell and generally sell for less money as they adjust price after the largest wave of interest the first 3-4 weeks. Matthew Stewart Real Estate Team | Roseville | Granite Bay | Rocklin | Lincoln | Folsom

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

Seller Supply
The index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, 25 states reported ‘weak’ seller traffic, 21 states reported ‘stable’ seller traffic, 3 states and Washington D.C. reported ‘strong’ seller traffic, and only 1 state reported ‘very strong’ 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 their dream homes.

25 states reported weak seller traffic. Buyer demand is stronger than listing inventory which is causing prices to increase. Matthew Stewart Real Estate Team | Granite Bay | Roseville | Rocklin | Lincoln | Folsom | Sacramento

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 buyer demand, prices will continue to increase. If you are debating listing your home for sale, meet with a local real estate professional in your area who can help you capitalize on the demand in the market now!

 

Matthew Stewart Real Estate Team gathered this information from “Keeping Current Matters”

https://www.matthewstewartrealestate.com/about-me

(916) 718-2979

matthewstewartrealestate@gmail.com

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About Matthew Stewart Real Estate

Matthew Stewart Real Estate Team has nearly two decades and hundreds of homes SOLD success experience! Matthew Stewart consistently is in the top 5% of Real Estate agents in the Tri-County region of Sacramento (over 4,000 Realtors), which includes but is not limited to: Granite Bay, Roseville, Rocklin, Loomis, Lincoln, Orangevale, Folsom, El Dorado Hills, Penryn, Newcastle, Auburn, and others. He began his professional Real Estate career at the age of 19. He has achieved the designation of GRI - Graduate of Realtor Institute, of which less than 15% of Realtors nationally achieve. During his Real Estate career he created the exclusive event titled “Artrageous.” A Rocklin Real Estate community chalk art event in which he partnered with the Rocklin Chamber of Commerce during their annual Hot Chili Cool Cars event. Matthew Stewart Real Estate Team generated nearly $40,000 in four years of which they donated all proceeds to the Rocklin Visual and Performing Art programs. He was pursued by William Jessup University to create their Men’s Golf Program in 2007 from scratch, and stepped down after five years as head coach in 2012 to pursue other entrepreneurial endeavors. In his time there he was asked by collegiate coaches to head up the Cal-Pac Championship tournament, (which he orchestrated at Morgan Creek Golf course in Roseville), and was asked to coordinate and run the National Qualifying tournament in which he chose to hold at the prestigious Bayonet Golf Course in the Monterey area of California. He also was a member of the Golf Coaches Association of America. In addition to his Real Estate business and coaching collegiate golf, Matthew has been a professional actor and model, professional speaker/trainer, coached high school boys basketball to a 55-9 record, including a 42 game winning streak, and built a direct sales business that spanned across the globe. He achieved levels that were in the top 5% of income earners world wide for the direct sales industry. He also was just one of 300 independent business owners that qualified for the "Seas the Moment" contest which spanned over 40 countries and over 1 million participants. If you would like to get some information regarding Matthew Stewart real estate in the Greater Sacramento Area, including Granite Bay, Roseville, Rocklin, go here: http://www.matthewstewartrealestate.com If you would like to get some information about William Jessup University, go here: http://www.jessup.edu

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