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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23014 N 22nd Place Phoenix, AZ 85024

$575,000
3 Beds
2 Baths
1,554 SqFt
Status Active
MLS # 6775017
Property Type Single Family Residence
Price Type --
This is IT. The perfect home with an incredible location. With easy freeway access, lots of local parks and entertainment while still being situated in a nice quiet suburb. With a spacious 3 bedroom 2 bathroom floor plan with dining and entertainment space you will be ready to invite over all your guests. The pool and outdoor space is perfect with mountain views to relax and enjoy your new home. Only 12 minutes to Desert Ridge with dining, entertainment and shopping. Close enough to main freeways for an easy commute to Downtown, TSMC, or Scottsdale. This one is sure to check all your boxes! So go ahead and start packing them!

3025 N 160th Avenue Goodyear, AZ 85395

$575,000
2 Beds
2 Baths
2,033 SqFt
Status Active
MLS # 6787438
Property Type Single Family Residence
Price Type --
Now here's a true value. Look at what you get for only $575K: pool with hot tub, 3-car garage, outdoor and indoor fireplaces, built-in grilling station, expansive and beautiful corner lot. Home consists of 2 beds, 2 baths, office and open concept living with eating areas. There are granite counters and stainless-steel appliances in the kitchen, and tile floors throughout. There's also a prepaid solar lease with approx 7 years of no solar lease payments left. Home inspection and appraisal were just done and are on file in the doc section. Home is priced at appraised value. This one is well worth the money.

12132 W Ashby Drive Peoria, AZ 85383

$575,000
4 Beds
3 Baths
2,751 SqFt
Status Active
MLS # 6787370
Property Type Single Family Residence
Price Type --

15735 W Autumn Sage Drive Surprise, AZ 85374

$575,000
3 Beds
2 Baths
2,282 SqFt
Status Active Under Contract
MLS # 6778325
Property Type Single Family Residence
Price Type --
Exquisitely updated Hacienda/Stonecrest model starting from the minute you walk up to the cozy front courtyard, Stone veneer finishes & cool deck driveway & sidewalk. Entrance has custom security door & front door. Formal living room for entertainment & dining area, all open to the spacious great room with custom fireplace, media wall with stone veneer, special lighting & TV included. Huge kitchen with refinished cabinets, tiled backsplash, beautiful granite countertops, stainless appliances plus an ice making machine & a massive breakfast bar with stone finish & double pantry. Split floorplan offers great privacy. Primary suite includes large picture window, oversized walk in closet, bathroom upgrades include granite counters, double sinks, plumbing fixtures & framed mirrors, lighting, hardware, tiled shower & door, tiled soaking tub surround. 2 spacious guest rooms, 1 with built in Murphy bed & desk. The guest bath has a walk-in shower, updated vanity, granite counters, plumbing fixtures & sink, hardware, mirror & lighting. Nicely appointed laundry room with built in cabinets. Absolutely stunning back yard extended covered patio with cool decking, massive rock water feature, beautiful mature landscape, wrought iron fencing. Additional upgrades include: Baseboards, wood trim around window, 5 new Anderson windows in main areas, interior & exterior paint, custom blinds, recirculating hot water pump, security system, water softener, extended length garage with golf cart space & keyless entry system. Outside heater hardwired in & awnings.

2292 S 155th Lane Goodyear, AZ 85338

$575,000
5 Beds
3.5 Baths
3,169 SqFt
Status Active Under Contract
MLS # 6741299
Property Type Single Family Residence
Price Type --
Spectacular, totally move-in ready home! Every box will be checked, beginning with the amazing location! Be close to shopping, dining, schools and access to freeways! Being close to Goodyear Ballpark makes Spring Training easy to enjoy, too! Next box to check is this great floorplan! The large foyer and very impressive stairway to the second floor is only the beginning! This floorplan offers the ability to live on the main floor, beginning with the primary suite, featuring a large walk-in closet and newly remodeled bath! Also on the main floor is the large living room/den and a spacious dining room, accented with dentil molding. The upscale eat-in chef's kitchen, with high-end appliances, beautiful granite on the large island with breakfast bar, and the adjoining family room brings everyone together in the heart of the home! But wait, there is more.... Upstairs, you will find 4 additional bedrooms, 2 full baths and a huge bonus/media/game room! To top it all off, the resort-style backyard, with built-in BBQ, fridge, sink and cooktop, heated saltwater pool with waterslide and waterfall, and the heated spa, is your own private oasis! Be settled for the holidays! Freshly painted and new carpet in all bedrooms, you can move in and enjoy!! A quick close is possible!!

15021 S 47th Street Phoenix, AZ 85044

$575,000
4 Beds
2 Baths
1,846 SqFt
Status Active
MLS # 6763249
Property Type Single Family Residence
Price Type --
Fall in love, this North-South-facing Former Model Home on a corner lot, offering stunning Sunrises & Sunsets in the desirable Ahwatukee Foothills neighborhood, w/ no HOA! Step inside to Vaulted Ceilings in the living room with Natural Lighting with all New Vinyl Windows Installed (2021). Custom Tile/Wood Flooring throughout flows to the open kitchen featuring designer backsplash tile, granite countertops, an eat-in bar that flows into the great room, w/ easy access to the backyard that has a covered patio, awnings, pavers, newer pebble tech pool (2018) upgraded pool equipment (2023). All the bedrooms have ceiling fans for efficient living The primary bedroom offers a large walk-in closet and a spacious bathroom has granite counter tops, stand-up shower, plenty of Linen cabinet space a sliding door leading to a backyard. This Home is Conveniently located near freeways, shopping, dining, and featuring a new HVAC Air Conditioner installed (2021)

11757 W Montana De Oro Drive Sun City, AZ 85373

$575,000
5 Beds
3 Baths
2,791 SqFt
Status Active
MLS # 6777966
Property Type Single Family Residence
Price Type --
Owned Solar! In the Dos Rios Neighborly Neighborhood! This spacious 5-bedroom, 3-bath home in Sun City is NOT in an age-restricted area, offering all the benefits of the thriving North Peoria community nearby. The main floor features a friendly layout with one bedroom and a full bath, plus a living room, family room, and dining area, while upstairs adds a versatile loft space. The low-maintenance turf yard and 3-car garage provides convenience and ample storage. Don't miss this exceptional opportunity!

1580 Calle Simpatico Drive Wickenburg, AZ 85390

$575,000
3 Beds
2 Baths
2,004 SqFt
Status Active
MLS # 6761470
Property Type Single Family Residence
Price Type --
This PRISTINE CUSTOM ''JEB'' home is located in the desirable PUEBLO CASSANDRA Village, where luxury meets comfort and security featuring a HEATED POOL and spa to enjoy year-round ARIZONA living. Step through the front door to be wowed by vaulted ceilings, open floorplan, plantation shutters, ambiance lighting, a gorgeous chandelier and a cozy gas fireplace. Not a detail left behind in the kitchen with stainless appliances, beveled edge GRANITE countertops, spacious island, and extensive Knotty-Alder soft touch CUSTOM cabinetry. Hide-a-way to the PRIMARY SUITE through PRIVATE DOUBLE ENTRY doors complete with a HUGE walk-in closet and separate exit to the expansive COVERED PATIO surrounded by a stucco finished wall. WOW! This EXQUISIT home with resort living is IN WICKENBURG!

7353 E Milagro Avenue Mesa, AZ 85209

$575,000
5 Beds
3 Baths
2,352 SqFt
Status Active
MLS # 6770673
Property Type Single Family Residence
Price Type --
Discover this beautifully updated 5-bedroom home, freshly painted and move-in ready. The expansive living area on the main floor provides an ideal space for hosting and gathering. Step outside to enjoy a meticulously landscaped backyard, complete with a sparkling pool, safely enclosed by a fence. Situated in a highly desirable location, this property is within walking distance to Monterey Park, Gilbert's top-rated schools, and offers easy access to major highways, shopping centers, and dining options. An opportunity like this is not to be missed!

9413 E Osage Avenue Mesa, AZ 85212

$575,000
4 Beds
2 Baths
2,308 SqFt
Status Active
MLS # 6764630
Property Type Single Family Residence
Price Type --
Back on market after getting a super cute remodel! Fantastic single story home located in highly desirable Mesquite Canyon featuring 4 bedrooms, 2 baths, 2 car garage, Through the front door you are welcomed by BRAND NEW vinyl plank flooring throughout, FRESHLY painted white interior which is a blank canvas to decorate to your hearts content, NEW baseboards, additional puck lighting added to give the home that light, bright and airy feeling, living room/dining room combo, kitchen boasts granite countertops and backsplash, stainless steel appliances, white cabs, dining area, kitchen island, flat top electric stove with above b-i microwave, huge walk-in pantry, family room with shiplap accent wall, large primary bedroom with double door entry, walk-in closet and exterior access to backyard , ensuite with dual sinks, separate shower & tub, chevron accent wall with updated mirrors and light fixtures, enjoy outdoor entertaining with sparking play pool, covered patio and canopy with pavered sitting area, vaulted ceilings, faux wood blinds, security screen door, near highly rated Gilbert schools, neighborhood parks, restaurants and shopping. An Absolute Must See!

3031 E Colonial Place Chandler, AZ 85249

$575,000 - 3Br/2Ba -  for Sale in Springfield Lakes Block 1b, Chandler
New
$575,000
3 Beds
2 Baths
2,170 SqFt
Status Active
MLS # 6787735
Property Type Single Family Residence
Price Type --
Welcome to this extraordinary home that boasts both charm and personality! The fabulous interior features vaulted ceilings, tons of natural light, elegant stained glass, gorgeous light fixtures, designer paint & distressed wood floors. With both a separate living/dining room combo, an open-concept family room, this gem has versatile spaces for relaxing & entertaining! The impressive kitchen boasts custom additions such as: coffee station, SS appliances, double ovens, metal stove hood, farm sink, island w/breakfast bar, stone counters & backsplash, roll out shelving, RO, walk-in pantry & antique white cabinetry w stained glass doors. The large main bedroom has a bay window, new carpet, an ensuite w/ dual sinks, separate tub/shower & walk in closet. New Trane HVAC system & ductwork 11/20. PLUS! One bedroom doubles as a den and offers a unique setup, currently serving as a rental with two bedrooms separated by a steel privacy door. This layout provides endless possibilities, whether for a roommate, private office, or in-law suite. Discover your private backyard retreat including a covered patio, pavers, and a Gazebo for entertaining. Home has a 220 electrical outlet ready for a hot tub. Also, there is a large side yard with lovely 8x6 storage shed. NO neighbors behind for added privacy & on a cul-de-sac lot!!! Don't miss this opportunity! New suncreens (7/20),new water heater (8/21), new dishwasher (2/24).

1018 N 25th Street Phoenix, AZ 85008

$575,000
5 Beds
3 Baths
2,287 SqFt
Status Active
MLS # 6665438
Property Type Single Family Residence
Price Type --
Hard to find New Construction Home in 85008. 5 Bedroom 3 Bath with 2 car garage. 10 foot ceilings. Quartz Counters, Shaker Style Cabinets. New Stainless appliances. Could be Flex Home, as room for second kitchen with bonus room in back. Huge walk in shower in Master. Dramatic front Iron Gate Door. Drive way is gated and both side gates match. Back yard is large enough for a pool. Hard to get quality new construction in this area so close to Downtown Phoenix, Freeway access, Roosevelt District, Hospital walking distance. Close to new Valley Wise Hospital Wing just opened. Nice eclectic mix of older homes and newer builds, Beautiful paver walkway and front patio. Extended 2 car garage. NEW NEW NEW, Tired of looking at old homes with deferred maintenance. Zoned R-3 Multi Family

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