How the Simple Concept of Supply & Demand Affects Real Estate

March 28, 2017

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How the Simple Concept of Supply & Demand Affects the Real Estate Market

        The Takeaway:

  • Supply & Demand is quite a simple concept. . An optimal time to sell is when the supply of a product is low & the demand for that product is high!
  • Generally, a “Stable/Neutral Market” lands somewhere between 6 – 7 months of home inventory. Anything above that mark can be considered a “Buyer’s Market” and anything below can be considered a “Sellers’ Market”.  We are definitely in the latter.
  • We have not seen 6 months of home inventory supply since August 2012!
  • Buyer Demand is high and continues to outpace Seller Inventory!
  • Now is a great time to Sell!! 

    If you have been debating whether or not to list your house for sale, call or text me at 727.755.3434.  I would be glad to chat with you about creating a personalized “make-ready for market list”, so that you can capitalize on the current Buyer Demand in today’s market.
    ** Please note that data and statistics quoted above are national.  Always consult a competent real estate practitioner familiar with your local market **