Do you want content like this delivered to your inbox?
Share
Share

House Prices: Simply a Matter of Supply & Demand

John P.R. Lee

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Sep 30 2 minutes read



“the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”


When demand exceeds supply, prices go up. This is currently happening in the residential real estate market.

Here are the numbers for supply and demand as compared to last year for the last three months (March numbers are not yet available):

In each of the last three months, demand (buyer traffic) has increased as compared to last year while supply (number of available listings) has decreased. If this situation persists, home values will continue to increase.


Bottom Line

The reason home prices are still rising is because there are many purchasers looking to buy, but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.


Existing-Home Sales

The Existing-Home Sales data measures sales and prices of existing single-family homes for...

Read More

I Am Ready to Buy a House... Now What?

I love working with first time buyers. Their enthusiasm for this new journey they are abou...

Read More

Thinking of Buying or Selling?

We have the experience you need. Don't' sell for less than you deserve. We can show you how to achieve the best price possible.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info