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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15225 N 6th Circle Phoenix, AZ 85023

$620,000
3 Beds
3 Baths
2,684 SqFt
Status Active
MLS # 6777789
Property Type Single Family Residence
Price Type --
Amazing Moon Valley location! Well-cared for 3 Bedroom/3 Bath tucked in a cul-de-sac. HUGE BONUS ROOM could be craft room, storage or workshop! Enter into formal living room with double-sided fireplace, vaulted ceilings. Family room leading to updated kitchen. Formal dining room. Primary bedroom with French doors. 2 spacious secondary bedrooms, one with office built-ins. E-facing patio with view fencing. Beautiful HOA-maintained grounds with community pools. Solar Lease has been PAID forward! No neighbors behind! Walking distance to Moon Valley Park, convenient to shopping, freeways, schools and more!

32716 N 50th Street Cave Creek, AZ 85331

$620,000 - 3Br/3Ba -  for Sale in Rancho Paloma, Cave Creek
Open House
$620,000
3 Beds
2.5 Baths
2,304 SqFt
Status Active
MLS # 6780304
Property Type Single Family Residence
Price Type --
Fall in love with this rare opportunity. LOCK-AND-LEAVE 3 bedrooms, 2 1/2 bathrooms in the best location in Cave Creek. Bonus room downstairs makes a great office/exercise room. Upstairs the 3 bedrooms surround a huge loft/game room. Spacious master suite with oversized walk-in shower and large closet. LOW-MAINTENANCE backyard w/covered patio, privacy hedges & artificial grass.The breathtaking Sonoran Preserve nearby offers serene biking and hiking paths. Single family home, no shared walls, no neighbor above or below. This home offers the best lifestyle Arizona has for you. Less than 5 years old energy efficient home with tankless hot water heater, water softener/soft water loop, reverse osmosis, Wi-Fi Smart programmable thermostat, Carrier HVAC unit. Whirlpool appliances Refrigerator connected to R/O line, Stainless microwave/hood combination offers steam & sensor cooking. The range is gas for optimal cooking with a center burner, frozen bake, & speed heater burner.( Minutes from Scottsdale, 2 minutes to Sprouts, Target, and Starbucks. Only 5 minutes to the historic area of Cave Creek where the American West thrives with lively restaurants, nightlife, coffee shops, museums & galleries. 10 minutes to Mayo Clinic which would make it a fantastic rental for nurses and traveling physicians. Minutes to world class golf, Boulders, Dove Valley, Rancho Manana, Troon, Tatum Ranch. Whether this is for you or an investment, you cannot go wrong with this irresistible property that has incredible income potential! Highly-rated schools in the desirable Cave Creek School District.(

1432 E Culver Street Phoenix, AZ 85006

$620,000 - 3Br/2Ba -  for Sale in Kenwood Blocks 4 & 5, Phoenix
Open House
$620,000
3 Beds
2 Baths
1,680 SqFt
Status Active
MLS # 6787058
Property Type Single Family Residence
Price Type --
Looking for a quality renovation with location and charm? This home has a downtown adjacent neighborhood in Greater Coronado with easy freeway access, walking distance to Banner University Medical Center all in an established, charming historic neighborhood (without the designation) but completely renovated with everything new including a primary suite addition (fully permited) that could easily be utilized as a mother-in-law suite or an Airbnb to help supplement a mortgage! This gorgeous renovation has an open living/dining great room with a spacious eat in kitchen island, gas range, farm sink, under the counter built in microwave, walk-in pantry, tile backsplash, mud room and so much more like a tankless on-demand gas hot water heater, new HVAC/roof/electric/plumbing with luxury vinyl plank flooring throughout and tiled bathrooms.

16403 W Baden Avenue Goodyear, AZ 85338

$620,000 - 5Br/4Ba -  for Sale in Canyon Trails Unit 2, Goodyear
Open House
$620,000
5 Beds
4 Baths
4,166 SqFt
Status Active
MLS # 6760403
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This stunning 2-story residence, located in the desirable Canyon Trails community, offers 5 spacious bedrooms, 4 full bathrooms, and a bright, open floor plan. 1 bedroom and full bath on first floor. The grand entry boasts vaulted ceilings and a versatile den, while the inviting family room features a cozy fireplace — perfect for relaxing evenings. The open-concept kitchen is a chef's delight, showcasing granite countertops, a breakfast bar, new stainless steel appliances, and dual wall ovens. The expansive master suite is a true retreat, complete with an en-suite bathroom featuring a glass block shower, separate double vanities, and a large walk-in closet. Upstairs, enjoy additional living space in the loft/bonus room. Step outside to a backyard oasis. The covered patio leads to a sparkling pool and an outdoor kitchen, creating the perfect setting for gatherings. There's even an RV gate. Plus, save on energy bills with the solar panels! This home is a must-see to fully appreciate all its features and charm.

18138 W Robin Lane Surprise, AZ 85387

$620,000 - 5Br/3Ba -  for Sale in Austin Ranch West Parcel 1, Surprise
Open House
$620,000
5 Beds
3 Baths
3,021 SqFt
Status Active
MLS # 6656137
Property Type Single Family Residence
Price Type --
Nestled in a tranquil neighborhood, this captivating two-story pool home offers plenty of space for relaxation and entertainment. With 5 bedrooms and 3 bathrooms, there's an abundance of space for both personal retreats and gatherings. This residence is not only designed for luxury living but also for practicality. The NextGen suite, with its private entrance, refrigerator, and bathroom offers flexibility for guests, in-laws, or the opportunity for rental income. A bonus den downstairs provides a versatile space for a home office, playroom, or guest room. Upstairs, a massive loft creates the perfect canvas for a home theater, game room, or additional living space tailored to your lifestyle and the convenience of an upstairs laundry room adds to the overall functionality of the home... The kitchen is adorned with stainless steel appliances and centered around a generous island. Whether you're hosting a dinner party or enjoying a quiet family meal, this kitchen is equipped to meet your needs. The property features extra space for side parking behind an RV Gate that includes a 50 AMP RV plug, but what truly sets this property apart is its unparalleled privacy, backing up to a serene wash that ensures peace and seclusion. Step outside onto your massive patio (or deck if you are on the second floor) where a pebble-finished pool finished with travertine deck and a putting green awaits, providing both entertainment and relaxation in your own backyard. Motivated sellers open to all offers.

4020 N Scottsdale Road Unit 2010 Scottsdale, AZ 85251

$619,999
1 Bed
1 Bath
937 SqFt
Status Active
MLS # 6679065
Property Type Apartment
Price Type --
Boutique building right in the heart of Old Town Scottsdale. This contemporary loft style studio has stainless steel appliances, concrete countertops, floor to ceiling windows, tastefully updated bathroom and with views of Camelback mountain from the patio. The location of this 21 unit building offers endless options of fine dinning, shopping and recreational activities. Its not often units come for sale here at 4020 Lofts, so act now!

11613 S 218th Avenue Buckeye, AZ 85326

$619,999
4 Beds
3.5 Baths
2,313 SqFt
Status Active
MLS # 6741705
Property Type Single Family Residence
Price Type --
Single-story home with a 3-car garage and no HOA! This stunning 4-bedroom, 3.5-bath residence sits on a generous 1-acre lot—perfect for your RV or boat. The charming exterior boasts brick accents and breathtaking mountain views. Inside, the great room captivates with vaulted ceilings, a neutral color palette, recessed lighting, and wood-look flooring. The chef's kitchen shines with quartz countertops, ample cabinetry, tile backsplash, stainless steel appliances, pantry, and a peninsula with a breakfast bar. The main suite is a true retreat, featuring dual sinks, a soaking tub, raindrop shower, and a walk-in closet. The sprawling backyard offers limitless possibilities: build your dream oasis, equestrian facilities, or park all your toys. This home is ready for your vision!

9929 E Timpani Lane Mesa, AZ 85212

$619,999
4 Beds
2.5 Baths
2,264 SqFt
Status Active
MLS # 6770757
Property Type Single Family Residence
Price Type --
Wecome home. This home offers a great room, dining space and kitchen with large center island, an ideal layout for having friends and family over and entertaining. THREE CAR TANDEM! A covered patio offers additional outdoor living space to enjoy those cooler evenings. Fall in love with the sophisticated owner's suite boasting an owner's bathroom with dual sinks and walk-in closet. There is also a second living area by the foyer that is perfect for the kids to hang out at. This Cadence community offers amenities including a play pool, water slides, etc. This place has it all!

21783 E Roundup Way Queen Creek, AZ 85142

$619,995
3 Beds
2.5 Baths
2,510 SqFt
Status Active
MLS # 6666441
Property Type Single Family Residence
Price Type --
Welcome to this stunning three-bedroom, 2.5-bathroom home that exudes elegance and functionality! Step inside to discover a teen room, study, and a three-car garage, providing ample space for all your needs. This home offers a desirable north-south exposure and a paver driveway, adding to its curb appeal. The kitchen is a chef's delight with 42-inch regal white kitchen uppers, quartz countertops, an oversize island, and upgraded stainless steel appliances including a professional gas range. The contemporary interior design features a 6 x 35 wood tile throughout, creating a seamless and stylish look. Unwind in the primary bath's tile walk-in shower or enjoy the convenience of a kitchen pantry for storage. The upgraded paint package in agreeable gray adds a touch of sophistication! Located conveniently near Highway 24, this home is also close to dining, entertainment, and shopping options, making it a prime location for a vibrant lifestyle. Don't miss out on the opportunity to own this gorgeous home, experience luxury living at its finest!

4836 W Stargazer Place Laveen, AZ 85339

$619,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6679937
Property Type Single Family Residence
Price Type --
An inviting covered porch welcomes guests to the charming Pomona plan. A spacious great room is at the heart of the open layout, adjacent to a roomy nook and impressive gourmet kitchen with a walk-in pantry, center island, Stainless steel appliances. This home will be built with either a study and Guest suit option complete with separate living room, wet bar and separate laundry. There is also an additional bedroom and full bathroom, The lavish primary suite offers a generous walk-in closet and a private bath with double sinks and oversized walk-in shower. A convenient laundry and covered back patio are also included. This home will also feature a 3-car garage and 10ft ceilings.

4813 W Stargazer Place Laveen, AZ 85339

$619,995
3 Beds
2.5 Baths
2,390 SqFt
Status Active
MLS # 6700009
Property Type Single Family Residence
Price Type --
The Deacon plan includes an attached RV garage, plus two tandem garage bays! Inside, a well-appointed Gourmet kitchen with a walk-in pantry is flanked by a great room and a dining room with covered patio access. You'll also appreciate an elegant primary suite with a private bathroom and ample walk-in closet space. A mudroom, a convenient laundry and a flex room.

21726 E Lords Way Queen Creek, AZ 85142

$619,995
3 Beds
2.5 Baths
2,390 SqFt
Status Active
MLS # 6702133
Property Type Single Family Residence
Price Type --
Introducing this exquisite home featuring the interior Bermuda Linen collection features timeless 42'' white regal upper cabinetry in the kitchen perfectly complements the sleek blanco maple quartz kitchen countertops & island, making it a chef's dream. The kitchen is adorned with a subway tile backsplash, wood laminate flooring throughout the main living areas, tile in the baths. Enjoy the gourmet kitchen's built-in single oven and microwave, gas cooktop stove, and stove-pipe pyramid stainless steel vented hood. With 10-foot ceilings, this home feels open, airy, and full of natural light. The three bedrooms, 2.5 baths, study & 3-car split garage provides ample space for comfortable living. This move-in ready gem offers a north-south exposure, ideal for enjoying bright and sunny days! With amenities like a tankless water heater for efficiency and a charming paver driveway, this home harmoniously blends convenience and sophistication.

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