Buyer Demand Is Outpacing the Supply of Homes for Sale

Buyer Demand Is Outpacing the Supply of Homes for Sale | Simplifying The Market

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 you rate buyer traffic in your area?”

Buyer Demand Is Outpacing the Supply of Homes for Sale | Simplifying The Market

The darker the blue, the stronger the demand for homes in that area. Only six states had a weak 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, 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.

Buyer Demand Is Outpacing the Supply of Homes for Sale | Simplifying The Market

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 the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!

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3402 N 63rd Street Scottsdale, AZ 85251

$1,895,000
3 Beds
3 Baths
2,421 SqFt
Status Active Under Contract
MLS # 6782713
Property Type Single Family Residence
Price Type --
Elegant 3-Bedroom Home with Exquisite Craftsmanship and Premium Finishes Step into refined living with this 3-bedroom, 3-bathroom home, where custom craftsmanship by Rysso Peters sets the standard in luxury. Iron windows and grand exterior doors flood open spaces with light, enhancing the warm, inviting ambiance. Solid-core white oak doors and premium flooring blend elegance with durability. The gourmet kitchen features custom cabinetry, top-tier appliances, and a spacious island, perfect for gathering. Each bathroom provides a spa-like experience with modern fixtures and premium materials. Outside, a beautiful space awaits for relaxation or entertaining. Located near top schools, shopping, and dining, this home offers the perfect blend of comfort and upscale living.

15215 N Kierland Boulevard Unit 311 Scottsdale, AZ 85254

$1,895,000 - 2Br/2Ba -  for Sale in Plaza Lofts, Scottsdale
New
$1,895,000
2 Beds
2 Baths
1,663 SqFt
Status Active
MLS # 6787907
Property Type Apartment
Price Type --
3 Words.....LOCATION, LOCATION, LOCATION! It's hard to put a value on having a home in Kierland Commons, especially one like this highly coveted SINGLE LEVEL 2 Bedroom above the shops...The last time this plan was available for sale with the premier location on the 3rd floor overlooking Main Street was 7 YEARS ago!! One on the 4th floor above it sold earlier this year as a Private Sale - Not MLS for 2.1M. Spacious and open, this split floor plan is almost 1700 SF with 10 foot Ceilings and 8 foot Doors. A telescoping wall of glass opens to a dining size, south facing balcony and covered terrace for people watching in Kierland Commons to your heart's content! If you are looking for something Special, this is it! This home features Gorgeous Light Travertine Floor throughout, Gourmet Chef's Kitchen w/Stainless Steel Appliances, Wine Chiller, Dark Maple cabinets, Granite Counters, Upgraded Lighting, Custom Closets, Remote Sunshades - All Rooms, Spacious Showers, Soaking Tub, Water Softener and Nest Thermostat. All furnishings are included. For a BONUS, this ideal location includes 2 Parking Spaces the private gated garage and a storage room 10'Wx17'Lx10'H. The Scottsdale airport is 3 minutes away and Phoenix Sky Harbor is only 20 minutes. Walk to more than 35 restaurants in Kierland Commons and the Scottsdale Quarter and shop at more than 100 retailers! Community amenities include on-site concierge staff and property management, a private fitness studio, 2 community lounges with catering kitchens, 2 resort-style sundecks, heated lap pool, grilling stations, pet park, reserved parking and guest parking in the private garage, and exclusive VIP discounts on shopping and dining throughout Kierland Commons, Scottsdale Quarter and surrounding areas as well as special OWNER privileges at the neighboring Westin Kierland Golf Club.

8854 E Lost Gold Circle Gold Canyon, AZ 85118

$1,895,000
4 Beds
6 Baths
4,637 SqFt
Status Active
MLS # 6785170
Property Type Single Family Residence
Price Type --
FULL GOLF MEMBERSHIP PURCHASED BY SELLER W/FULL PRICE OFFER ($100K VALUE) & $20K INTERIOR PAINTING CREDIT AT COE. ONE OF THE LOWEST PRICED HOMES IN ALL OF SUPERSTITION MOUNTAIN AT $409/SF-OVER $40/SF UNDER THE 2024 SOLD CUSTOM HOME AVERAGE. CREATED BY LYLE ANDERSON, THIS RENOWNED COMMUNITY FEATURES A 24/7 GUARD GATE, ROVING PATROL & 36 HOLES OF NICKLAUS-DESIGNED GOLF. HOME TO 8 NATIONALLY TELEVISED CHAMPION TOUR & LPGA EVENTS. LESS THAN 35 FREEWAY MINUTES TO SKY HARBOR & 20 MINUTES TO MESA GATEWAY. ONLY ONE TRAFFIC LIGHT SEPARATES RESIDENTS FROM THE ATLANTIC & PACIFIC OCEANS. Rare 4 car garage! Highly upgraded Tuscan beauty tucked away on a quiet cul de sac for privacy. Quiet street-no traffic. Distinctive architecture blends perfectly into the former 2002 ''Street of Dreams'' setting. Soaring ceilings are accented w/beams & clerestory windows. Gourmet kitchen w/Viking appliances & Sub Zero refrigerator. Large kitchen island w/breakfast bar. Formal dinning, w/butler's station & large walk-in pantry. Separate kitchen eating nook. Dual offices, one w/full bath & walk-in closet, & the other w/fireplace & built-in bookshelves. Natural wood & Versailles patterned tumble edged Travertine stone flooring. Two attractive powder rooms. Large primary suite w/dbl. sinks & closets, washer/dryer, jetted tub & stone shower, his and her closets. Secondary Primary bedroom suite. Custom cabinets & faux paint t/o. Golf Club and social memberships by separate agreement. Gold Canyon is Arizona's best kept secret. Where Else? Nowhere Else But Here!

3478 N Mountain Cove Place Unit 59 Buckeye, AZ 85396

$1,895,000
4 Beds
3.5 Baths
3,790 SqFt
Status Active
MLS # 6636713
Property Type Single Family Residence
Price Type --
Fully approved by the HOA & ready to break ground! This is your opportunity to build an exquisite custom home in Verrado boasting a captivating great room floor plan and situated on an expansive, almost an acre lot, providing the perfect canvas for your vision of luxury living. With the unique opportunity for the buyer to choose all finishes, this remarkable residence promises an unparalleled level of customization and sophistication. Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. A pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision, and experience the epitome of elegance and refinement in this remarkable custom home. Renders are for visualization purposes only and do not represent finishes. Buyer has the opportunity to pick the style & finishes of their liking.

6504 W Avenida Del Sol -- Glendale, AZ 85310

$1,895,000
5 Beds
5 Baths
4,619 SqFt
Status Active
MLS # 6763614
Property Type Single Family Residence
Price Type --
Welcome to this stunning luxury custom home located in the exclusive gated subdivision of Burning Sky Ranch. This magnificent residence is built for entertaining. Mountain views, on a 19,142 sq ft lot and features 4 bedrooms and 4 bathrooms in the main house, plus a 410 sf casita for an additional bedroom and bathroom. The home boasts soaring ceilings, a gourmet kitchen with top-of-the-line appliances, and a 4-car garage. The resort-style backyard is an entertainer's dream, complete with a 950 sq ft pool and spa, fire accents, and a putting green. The front gated courtyard offers a pizza oven, Green Egg BBQ, gas BBQ, professional griddle, extended granite counter, gas fireplace, and water features. This property seamlessly blends elegance, comfort, and modern amenities.

3410 N 45th Place Phoenix, AZ 85018

$1,895,000
6 Beds
4.5 Baths
3,193 SqFt
Status Active
MLS # 6775354
Property Type Single Family Residence
Price Type --
This beautifully remodeled home in the highly desirable Arcadia Osborn area offers a perfect blend of modern luxury and timeless charm. The property boasts a newer roof, AC, and updated electrical, ensuring peace of mind for years to come. The convenient split floorplan features 2 Jack & Jill bathrooms, a lovely powder room, and a separate pool house (or guest house), perfect for entertaining or relaxing by the pool. The home is packed with high-end & eco-friendly upgrades including Control 4 home automation, surround sound, pool automation, security cameras, and a tankless water heater. You'll love the vaulted ceilings, spray foam insulation, and wide-plank wood floors throughout. The chef's kitchen is outfitted with a 66'' commercial fridge and an outdoor kitchenfor seamless indoor- outdoor living. Step outside to enjoy mature landscaping, a sparkling pool with deck jets and a Baja shelf, automated misting, and a back porch with automated shades. The property also comes equipped with electric car chargers and garage storage. TVs & appliances convey with the sale, making this home truly move-in ready!

6310 E Dove Valley Road Cave Creek, AZ 85331

$1,895,000
5 Beds
4 Baths
4,445 SqFt
Status Active
MLS # 6681590
Property Type Single Family Residence
Price Type --
This amazing home is now $100,000 below a recent appraisal and ready for you to make your own! This exceptional custom-built 3,757 sq ft estate boasts a gorgeous main home accompanied by a full 688 sq ft guest home with full kitchen and garage! You will enjoy a wonderful pool and spa for play, relaxation or enjoying Arizona's spectacular sunsets! Summer comfort awaits with the Newer HVAC's on the main home with solar! Situated on over an acre of maintained desert landscape in the prime location of the highly sought-after N. Scottsdale/Cave Creek corridor. The captivating main residence features 4 bedrooms, 3 full bathrooms, a private executive office, and breathtaking views of Black Mountain and the Boulders. As you step into your dream home, you're greeted by a picturesque ... front courtyard adorned with custom iron gates, two outdoor fireplaces and a striking fountain. Inside, the home boasts an inviting open floor plan with rich wood flooring, beamed ceilings, and NEW custom oversized windows that frame the stunning mountain vistas. The kitchen, a chef's haven, showcases Quartz countertops, a Subzero fridge, stainless steel appliances, stylish cabinetry, and a GE Profile oven with a center island induction cooktop. The spa-inspired master ensuite offers dual sinks, a separate soaking tub, and shower, ensuring a luxurious retreat. The spacious one-bedroom guest home is strategically positioned on the property, providing separate living quarters complete with its own private driveway, single car garage, full bath, eat-in kitchen, and covered patios, catering ideally to multi-generational families, guests or even renters. It has been used as an $AirBnB$ earning an average of $3,000 per month. Outside, the sprawling resort-style backyard is an entertainer's paradise, featuring a covered patio, built-in BBQ, bar seating, and a second Kiva fireplace. Overlooking a beautifully gated, pool, spa, Baja shelf and rock waterfall, the outdoor space offers mesmerizing mountain views, complemented by custom hardscapes, lush landscaping, and extensive stone walkways, inviting you to explore your desert sanctuary. This is a must see!

40455 N 26th Street Cave Creek, AZ 85331

$1,893,500
4 Beds
3.5 Baths
3,157 SqFt
Status Active
MLS # 6727474
Property Type Single Family Residence
Price Type --
Exquisite custom home in Cave Creek on 3.6 acres, with privacy and panoramic mountain views and no HOA. Hacienda style residence with split floor plan and spacious rooms, new hardwood floors, beams and corbels, vaulted ceilings, and elegant finishes. The master suite offers scenic views, fireplace, and spacious bathroom. The backyard is an oasis with a sparkling pool and covered BBQ area with high-grade turf and spectacular mountain scenery. Situated adjacent to Cave Creek Regional Park with extensive trails for horseback riding, hiking, and biking. Features include a horse turnout area with three covered stalls, equipped with water spigot, arena, and a tack shed. Car enthusiasts will love the 3-car garage and the permitted 3,000 sq. ft. insulated metal building which can be expanded.

6044 E Hodges Street Cave Creek, AZ 85331

$1,890,000
5 Beds
4.5 Baths
4,025 SqFt
Status Active
MLS # 6726429
Property Type Single Family Residence
Price Type --
Beautiful (like new-seasonal owners)! Fantastic Black Mountain views and large NAOS area. Four bedrooms, 3.5 bath, full guest suite/casita with separate entrance, 3-car garage, putting green, pool, spa! Grassed and rock entrance. Courtyard and gate to covered porch. Separate entrance to Guest Suite/Casita from porch. Guest suite/casita has living area, bedroom, full bath and walk-in closet. The foyer at entry into main home has over-sized office/den with double glassed doors on one side and formal dining room on the other side. Dining room has butler's pantry with beverage cooler, glass top cabinetry fronts and wet bar. Powder room off this area. Large beautiful chef's open kitchen design. Lots of rich cabinetry and granite counters. Click the More tab for more information. Large island has bookend design with step-up counter for private prep/clean-up. Designer pendants over island. Built-in SS refrigerator, wall microwave and oven, gas range top with stainless range hood. Walk-in pantry. Breakfast/dining nook area. Great split primary bedroom plan. Primary bedroom large with dual walk-in closets and convenient oversized laundry room off largest closet. Primary bathroom is spa paradise. Walk up soaking tub and walk-in shower with partial glass enclosure. Dual vanities. Opposite side of house has remaining bedrooms. Second bedroom has mountain views and bathroom with walk-in closet. Third and Fourth bedroom have connecting full bathroom. Garage entrance to home has valet area for electronic/technology drop and coat hang/shoe change area. Garage has cabinetry for additional storage. Back and side yards beautifully landscaped with grass (both real and artificial), a putting area, pool, spa, multiple seating areas including firepit area, patio with seating and dining, travertine paving, RV gate and NAOS plus gorgeous mountain views! Fabulous home!

23461 N 80th Way Scottsdale, AZ 85255

$1,890,000
4 Beds
5.5 Baths
3,829 SqFt
Status Active
MLS # 6785634
Property Type Single Family Residence
Price Type --
Nestled in the exclusive gated community of Desierto Vida, this luxurious custom territorial home offers unparalleled privacy and breathtaking views of Pinnacle Peak and lush saguaro cacti throughout property. Boasting 12' ceilings and a bright, open, single-level split floor plan, whole house sound system the home is designed for effortless elegance. Floor-to-ceiling windows frame the serene backyard, where a sparkling pool, spa, water feature, and 3600 sq. ft. of pavers create an entertainer's paradise. The gourmet kitchen features a large island, gas cooktop, Sub-Zero refrigerator, dual ovens, and a walk-in pantry, flowing seamlessly into the family room and nook. The beautiful primary suite includes a fireplace, dual walk-in closets, dual vanities, a soaking tub, and backyard access.. Secondary Bedrooms feauture either an ensuite or jack and jill bath set up, both with walk-in closets. On nearly an acre, this estate also offers a circular driveway, a 3-car garage with epoxy floors, a new roof, and newer AC units, embodying luxury at every turn.

5452 E Windstone Trail Cave Creek, AZ 85331

$1,890,000
4 Beds
3.5 Baths
3,944 SqFt
Status Active
MLS # 6780789
Property Type Single Family Residence
Price Type --
Welcome to Montevista, a highly desirable community in Cave Creek, Arizona. This gated community with impeccably manicured common areas, lush landscaping, and large grassy community park, complete with a playground, basketball/pickleball courts, social events, and covered spaces, creates a welcoming atmosphere. One of the best lots in the community, this home is nestled on a private, premium lot, that backs up to a serene NOAS with mountain views, offering unmatched privacy. As you enter the grand entrance, you'll be greeted by soaring ceilings, stunning chandelier lighting as well as an abundance of natural light. With almost 4,000 square feet of meticulously maintained living space, you will step into a world of elegance. The open concept split floor plan allows for comfort and privacy for family and guests. The spacious living room has a wet bar, built-in drink shelf, wine closet, and fireplace. Off that area is space for a dining room, piano room or additional sitting room. The kitchen, which opens to the family room, is tastefully updated with high end appliances, a prep island, walk-in pantry and tons of counter and cabinet space. Eat at the breakfast bar or dine in kitchen. Retreat to the amazing primary suite complete with dual vanities, a step-in shower, and two walk-in closets. Relax in front of the fireplace, soak in the tub, read in the sitting area or dream your nights away. Walk out to your private garden area with citrus trees, grassy area and lined path. Bedrooms 2-3 share a bath with dual sinks and a step-in shower. Bedroom 4 is an ensuite with it's own bath. The final room can be a bedroom, office or workout room, you choose. Outside, you're greeted by a resort-style backyard. The private heated pool with water feature and spa, surrounded by lush greenery, offers the perfect space to relax or entertain. Sit under the pergola and enjoy the fire on chilly Arizona nights. The BBQ grill area with bar area, also covered is another space to entertain. The covered patio with motorized shades, the oversized fire pit, turf area with fountain and all other areas to enjoy the serene views of the desert and create a true Arizona outdoor living experience. This community is perfectly located near shops, dining, the quaint towns of Cave Creek/Carefree. This is more than a home; it's the ideal fusion of luxury, comfort, and privacy. Envision yourself here, embracing everything that Montevista and Cave Creek have to offer. Upgrades include; 3 brand new HVAC systems, new ducts, furnace, pool motor, BBQ grill, outdoor lighting boxes, plants and more!

6405 N 75th Avenue Glendale, AZ 85303

$1,890,000
3 Beds
1 Bath
1,904 SqFt
Status Active
MLS # 6633881
Property Type Single Family Residence
Price Type --
Property is currently zoned for R-1 Max 3.525 units/dwellings per acre Can be subdivided for high density allowing for smaller lot sizes. Rezoning is not a requirement for high density Rezoning would be required for multi-family and a pre-application meeting is required. Great investment opportunity for multi-family or multi housing, rezoning would be required. The main entrance is from 75th Avenue. This property is the perfect opportunity for multifamily development, a rehabilitation center, the possibilities for capital gains are endless! Main home will need to be demolished per seller's instructions.

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