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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17667 E Cindercone Road Rio Verde, AZ 85263

$1,649,000
4 Beds
3.5 Baths
3,243 SqFt
Status Active Under Contract
MLS # 6713753
Property Type Single Family Residence
Price Type --
Refined bespoke luxury, this 2022 built soft contemporary designed residence is perfectly located in one of the valley's most scenic locations in the world class Trilogy community. This highly coveted Orion floor plan with rare 4th Bedroom Option and luxurious appointments is simply exquisite. With 4 BEDROOMS, 4.5 bathrooms and DEN or office AND a FLEX/MEDIA ROOM including a luxurious primary suite, there's plenty of room for everyone in the family. You'll love the soaring ceilings, and a Chef's dream kitchen with a massive center island for entertaining, high-end THERMADOR appliances and custom cabinets. The striking open floor plan includes upgraded wood flooring, custom lighting and 15ft wall of glass opening to outdoor living perfect for quiet moments of reflection or joyful enterta ining, the resort-like south facing backyard rests along a tranquil NAOS area with stunning views of Four Peaks. An expansive covered patio includes an outdoor fireplace with oversized TV & barbeque, perfect for al fresco dining or entertaining. It is an ideal spot to relax, unwind, and soak up the natural beauty that surrounds you. Don't miss this opportunity to own a truly remarkable property in the prestigious Trilogy at Verde River.

3523 E Cashman Drive Phoenix, AZ 85050

$1,649,000
5 Beds
3.5 Baths
3,710 SqFt
Status Active Under Contract
MLS # 6730295
Property Type Single Family Residence
Price Type --
This stunning two-story home in the highly sought-after Sky Crossing Community features a great room floor plan with 5 bedrooms, 3.5 baths plus office/den, and a resort-like pool. Nestled at 3523 E Cashman Drive, Phoenix, AZ 85050, home is 3,710 sq ft and sits on a 15,308 sq ft oversized corner lot, one of the largest in Sky Crossing. Feel right at home in the Chef's kitchen with upgraded stainless appliances, a gas cooktop, an oversized island with seating, quartz countertops, and beautiful wood-look plank tile flooring that flows elegantly throughout the home. Enjoy the expansive backyard with an outdoor Ramada area and a resort-like pool featuring a swim-up bar, two baja shelves, a spa and multiple water features. Feel comfortable and relaxed while creating many memories for years!

17427 E Desert Vista Trail Rio Verde, AZ 85263

$1,647,000
3 Beds
3.5 Baths
3,022 SqFt
Status Active
MLS # 6772850
Property Type Single Family Residence
Price Type --
Nestled in the highly sought-after Trilogy at Verde River community, this luxurious Orion floorplan home offers an unparalleled lifestyle, with fully-owned solar panels and stunning mountain views. Boasting 3 bedrooms, an office, a den, and 3.5 bathrooms, this spacious residence is designed for both comfort and elegance. Enter through an upgraded iron front door to discover a seamless blend of style with plantation shutters, designer lighting, neutral wall tones, and wood grain tile. The gourmet kitchen is a chef's dream, featuring granite countertops, top-of-the-line Thermador appliances, a kitchen island with breakfast bar, and a spacious morning kitchen! The primary suite serves as a private retreat with a tiled soaking tub, separate shower, dual sinks, and a large walk-in closet, creating a serene space to unwind. Outdoors, the resort-style backyard is an entertainer's paradise, complete with a mature Sonoran landscape, a refreshing pool surrounded by travertine pavers, a custom firepit, and an expansive covered patio featuring a built-in BBQ area and sunshades. From every angle, the views are breathtaking. Plus there is an EV charger for added convenience. Don't miss your chance to own this remarkable home in Trilogy at Verde River, where luxury, comfort, and captivating mountain views await!The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

22015 N 59th Terrace Phoenix, AZ 85054

$1,645,000
4 Beds
4.5 Baths
3,505 SqFt
Status Active Under Contract
MLS # 6781344
Property Type Single Family Residence
Price Type --
Shea Homes' most popular plan at Emblem at Talinn. Premium lot across from park east facing backyard abutting natural open space, lush landscaping with artificial grass and quartz pavers. Custom PebbleTec pool with Baja deck, water feature & fire pots. Enjoy the sunrise & mountain views from the covered patio with electric fireplace. Inside is a large chef's kitchen with GE Monogram appliance package, coffee bar, walk-in pantry, spacious quartz island with breakfast bar. Dining area opens to the great room with soaring ceilings. Downstairs is a secondary primary ensuite bedroom & an office/den that could be converted to a bedroom. Upstairs is the primary bedroom with large bathroom & walk-in closet, laundry room, 2 guestrooms and large loft that could be converted to a bedroom. Wood shutters throughout, remote-controlled blinds in the family room and kitchen. 3-car garage with epoxied floor, EV charger for 2 vehicles, plus separate area plumbed for utility sink and outlet for additional refrigerator. Water softener, whole house filtration system and tankless, gas water heater. Home is Energy Star 3.0 rated and includes Shea Connect smart home feature. Community pool & rec center with exercise & billiard room, community parks & playgrounds, walking & bike paths. Close to shopping, restaurants & entertainment. See Features and Upgrades list for more details.

24005 N 45th Drive Glendale, AZ 85310

$1,645,000
4 Beds
3.5 Baths
3,425 SqFt
Status Active
MLS # 6783573
Property Type Single Family Residence
Price Type --
Stunning custom residence on a 20,052 sq.ft lot, featuring incredible curb appeal, a delightful desert landscape, & a spacious 5-car tandem garage. As you enter this home, you are greeted with soaring high ceilings with exposed beams that perfectly complement the wood-look flooring throughout. The modern fireplace serves as the centerpiece of the living room. The living area to the outdoors has large multi-sliders that open up to the back patio! The gourmet kitchen boasts marble counters/backsplash, white cabinetry accented w/crown moulding, top-of-the-line SS appliances, a center island, & a peninsula w/a breakfast bar. The primary bedroom has a private access to the back patio, a walk-in closet, & a spa-like ensuite w/dual vanities. The backyard is an entertainer's dream! The diving pool is complete with a stone waterfall & slide. A beehive fireplace for family gatherings await or BBQ with the built-in BBQ. You cannot help but fall in love with this home. Come on over as this gem will not last and make sure you check out the upgrades listed in the document tab.

5925 N Via Serena -- Tucson, AZ 85750

$1,645,000
3 Beds
3 Baths
3,902 SqFt
Status Active
MLS # 6784110
Property Type Single Family Residence
Price Type --
Discover unparalleled luxury and panoramic beauty in this remarkable contemporary estate. Perched on one of the highest lots in Cimarron Foothills Estates, this 3,902 sq. ft., 3-bedroom, 3-bath home is thoughtfully designed to maximize 360-degree views of mountains, city lights, and sunsets. Every corner of the home showcases expansive floor-to-ceiling windows, flooding the interior with natural light and framing the breathtaking landscape. Vaulted space accentuated by dramatic brick walls, knotty pine beams, and a dual-sided fireplace that lends warmth and ambiance to both the dining and living areas. The gourmet center island kitchen, outfitted with stainless steel appliances, granite counters, phenomenal views, and abundant storage, makes entertaining seamless. French doors throughout open to covered patios and decks, inviting the outdoors in and offering direct access to a beautifully landscaped yard. Seamless indoor/outdoor living. Outside, enjoy the heated pebble-tec pool, spa, and BBQ center nestled among beautifully landscaped 1.62 acres, with sitting areas strategically placed to soak in the spectacular views. Additional highlights include a private office, a versatile studio/workshop, and walk-in closets in every bedroom. Energy efficiency is ensured with an owned solar system, blending sustainability with this luxury property. Located within the highly sought-after Catalina Foothills School District, this exceptional home is more than just a residenceit's a lifestyle of elegance, privacy, and tranquility. Experience it in person and make this dream property your own!

8919 E Calle Del Palo Verde -- Scottsdale, AZ 85255

$1,644,000
3 Beds
3 Baths
2,891 SqFt
Status Active
MLS # 6731379
Property Type Single Family Residence
Price Type --
Updated and well cared for home in a most desirable North Scottsdale GATED COMMUNITY. This home is ready to move in boasting it's Gourmet Kitchen with high end appliances . Manicured yard on quiet interior lot makes this home stand out! Better hurry as it is priced to sell AND SELLER WILLING TO FUND THE LENDER COST OF A 2/1 BUYDOWN!

37181 N 103rd Street Scottsdale, AZ 85262

$1,640,000
4 Beds
3.5 Baths
3,952 SqFt
Status Active
MLS # 6659778
Property Type Single Family Residence
Price Type --
Located in the luxurious gated community of Cresta Norte, this 4 bedroom, 3.5 bathroom, 3 car garage Toll Brothers masterpiece is nestled in a private cul-de-sac with unobstructed views of Pinnacle Peak Mountain. Expansive courtyard with solid redwood doors leads to a dramatic entry. An entertainer's dream, this back yard contains an amazing 1200 sqft putting green, pool with cave waterfall, spa with glass fire pit, 2 covered patios, built in grill and countertop and a bar just steps inside the door. Inside, this split floor plan is ideal for any family or visitors alike. The master suite resides on one wing of the house bosting its own fireplace (1 of 3 in home), his and hers walk in closets, his and hers sinks, double shower, and jetted tub. The other wing has 3 large bedrooms all with en suite bathrooms. Amazing eat in kitchen with granite & stainless steel throughout and island. Bonus game room, custom wine cellar, amazing views, new AC units, tankless hot water heater. This property has been meticulously maintained by these second owners since 2007. Truly has it all.

7235 E Paradise Drive Scottsdale, AZ 85260

$1,640,000
5 Beds
3 Baths
3,881 SqFt
Status Active
MLS # 6684806
Property Type Single Family Residence
Price Type --
This remodeled 5 BR 3 BA 3881 sq ft home on cul-de-sac lot w/expansive lawn, landscaping, N-S exposure. Liv.Rm w/12 ft ceilings, separate Din.Rm. Large MBR w/gas fireplace, sitting area, bath area w/sunken tub,sep.shower & huge walk-in closet. 3 addt'l Bdrms, hall bath. Guest suite/office w/fireplace, huge shower & pvt.entry anchors west side of home. Inviting Fam.Rm w/firepl (gas or wood), soaring wood beamed ceilings. Large eat-in kitchen w/counter seating,walk-in pantry,Wolf range,Miele dishwasher,LG smart refrigerator & Profile microwave. Laundry Rm w/storage closet, work counter, stacked smart LG W/D. Luxury vinyl plank waterproof flrs. Greg Trutza designed park like backyard; fenced 20x40 htd pool & spa,MLB regulation batting cage, Lawn & raised garden beds w/separate irrigation. All of the improvements and upgrades in this totally remodeled home were completed in 2022-2023 and include: New roof and underlay - 2021 New luxury vinyl plank flooring through entire house - 2022 designated for industrial use that have the advantages of being waterproof, quiet and soft under foot. New baseboards through entire house - 2022 New doors and hardware through entire house - 2022 New switches and outlets through entire house - 2022 New LED ceiling lights through entire house - 2022 New grates and vents through entire house - 2022 New light fixtures inside and outside entire house - 2024 Entire home interior and garage painted 2022-2023 ENTRY WAY: New shatterproof glass installed next to front door Slate installed outside front door at entry way KITCHEN: New cabinets and hardware Newer sink Newer faucet with spray Newer Wolf oven (never used) Newer LG smart refrigerator with convertible middle drawer and custom ice cube feature Miele dishwasher with third cutlery rack and crystal/china cycle Newer GE microwave with high power vent Newer sliding glass doors Newer granite countertops Newer slate patio off of kitchen Built in gas grill on patio LAUNDRY ROOM: New cabinets New granite countertop New sink New smart faucet with spray New fan vent New LG smart stacked washer/dryer 5th BEDROOM/OFFICE SUITE with FULL BATHROOM & PRIVATE ENTRANCE: New fireplace tile surround Newer cabinet in bathroom Newer sink and faucet in bathroom Newer quartz countertop Newer shower doors Newer wall and floor tile in shower Newer shower head in oversized shower Newer bathroom hardware Newer Toto toilet MASTER BEDROOM: Newer fireplace surround Newer slate patio off master bedroom through sliding glass door MASTER BATHROOM: Newer mirror with tile border Newer cabinets Newer Kohler sinks Newer faucets Newer quartz countertop New tile bathtub Newer shower doors Newer bath faucet Newer shower tile Newer shower fixture Newer Toto toilet Newer bathroom fan Newer shatterproof glass window in shower area Newer bathroom hardware Newer built in ironing board in closet Huge/Oversized walk-in Closet HALL BATHROOM: Newer mirror with tile surround Newer cabinet Newer quartz countertop Newer Kohler sinks Newer faucets Newer bathroom hardware Newer Toto toilet Newer bathroom fan Newer Kohler heat retaining bathtub Newer tile in shower Newer shower head Tankless hot water heater for master and hall bath - 2022 Hot water heater - kitchen, laundry room and guest bath Newer water softener Outdoors: All block walls repaired, sealed and painted. Irrigation system checked with all new drip lines and emitters installed, all new lawn heads installed, by irrigation company Grass - plug aerated in 2022 (watering costs run between $150-$300 on average depending on the season). Newer pool water clock installed, remaining two clocks checked by irrigation company Swimming pool/Spa - all work completed in 2023 Pebbletec with LED Lighting Swimming pool is 20'x40' could be suitable for diving. There is also a large play step in the shallow end for relaxing or for young children. Pool is completely fenced with two decorative gates that can be locked. Pool Upgrades include: Newer interior tile border Newer in floor cleaning system Newer Pebble Tec interior (pool & Spa) Newer LED lights Cool deck resurfaced Newer pool heater Pool raised planter area resurfaced and sealed Backyard - large and park like area Large raised garden beds with separate irrigation. Three connected beds suitable for large vegetable, flower and herb gardens. Four carefully chosen citrus trees: prolific Lisbon lemon, blood orange, Minneola tangelo and Arizona sweet. Fig tree Large grassy space suitable for soccer, volleyball, badminton, croquet, informal baseball game. MLB regulation batting cage with new LED night lights - can also be used to practice your golf swing. There is additional room for a putting green, sports court, built in play sets, guest house/second office, gazebo, outdoor kitchen. You are limited only by your imagination in the ways that you can enjoy this spacious backyard. Garage: Complete wall of new storage cabinets There is extra roof covering material and luxury vinyl planks for changes, add-ons you may choose to do.

8901 N 87th Court Scottsdale, AZ 85258

$1,639,000
4 Beds
3 Baths
2,706 SqFt
Status Active
MLS # 6754801
Property Type Single Family Residence
Price Type --
Welcome Home to this Gorgeous Fully Remodeled Modern 4 Bdrm, 3 Bath Home w Great Room, Living Room, Formal Dining, Chef's Kitchen w/ Decton Countertops, Diving Pool, Putting Green, and Custom Features all on a Cul-de-Sac Lot! The home underwent a full remodel in 2020 including windows and roof replacement and owners continued remodel by adding a 3rd bathroom. The 4th bedroom or in-law quarters comes complete with a private entrance and is perfect for extended family and guests. Spend countless hours entertaining in the amazing backyard with the 10 foot deep pool, 20X40 covered ramada and golf putting green. This home combines luxury and practicality, making it the perfect choice for any buyer seeking comfort, style and outdoor living at it's finest all in the school district w the 3 Cs

9590 E Quarter Circle Loop Gold Canyon, AZ 85118

$1,635,000
4 Beds
3 Baths
2,785 SqFt
Status Active
MLS # 6696137
Property Type Single Family Residence
Price Type --
Beautiful new custom Home located in Gold Canyon East at Barkley Ranch with a Golf Course View of the 10th Green of the Dinosaur Course. This home exudes incredible views of outdoors and seems to bring those elements inside the home. The home has beautiful cabinetry, beautiful countertops and is full of beautiful details and incredible home finishes from wood flooring and wood ceiling boxed beams, marble master bath, to a built in barbecue. The home is nestled around a resort style pool with tiled Baja shelf and spa overlooking beautiful stoned columns with copper scuppers that pour water into the pool. (click on More...) The patios have travertine pavers and synthetic grass and firepit inside the fenced yard overlooking the 10th green of the golf course with beautiful views from all of the main rooms of this incredible new custom home. Home is almost completed and will be ready to move in soon.

2850 E Boot Track Trail Gilbert, AZ 85296

$1,635,000
4 Beds
3.5 Baths
3,806 SqFt
Status Active
MLS # 6740749
Property Type Single Family Residence
Price Type --
Welcome to this unrivaled gem in Warner Groves at Morrison Ranch, now available! 4 beds, 3.5 baths, game room, den, & dining (enclosed with french doors & can be used as bedroom). This beauty flaunts a well-manicured landscape, brick detailing, a cozy front porch, and a 3-car garage with a paver driveway. Prepare to be impressed by an exquisite interior featuring an inviting hallway adorned with pendant lighting! The spacious living room highlights expansive windows, recessed & decorative light fixtures, calming color schemes, gorgeous hardwood floors, and a built-in entertainment hutch with an electric fireplace. The heart of this home is the stunning eat-in kitchen, designed with high-end SS appliances, including a gas cooktop and a wall oven. Elegant quartz counters, recessed lighting, a subway tile backsplash, a plethora of white shaker double stak cabinetry, a walk-in pantry, and a large island with a breakfast bar elevate the space. Discover a sizable den with stylish tile flooring and a charming chandelier ideal for a home office. The two bonus rooms are excellent for an additional bedroom or a game room! Find your sanctuary in the romantic main suite, showcasing a luxurious ensuite with a sliding barn door, dual vanities, a stand-alone tub, a seat-in tiled shower, a walk-in closet, and direct backyard access. Secondary bedrooms enjoy a Jack & Jill bathroom. Modern conveniences include a water softener and a tankless water heater. The home's elegance extends outdoors to the enchanting backyard. A covered patio, a Travertine tile flooring, artificial turf, a built-in BBQ, and a crystal blue pool complete the picture. Excellent location! It has easy access to the 202 and 60 freeways, restaurants, shopping, and more. Plus, it's within the highly rated Gilbert Schools district. Hurry! Your paradise awaits!

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