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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14114 E Milton Court Scottsdale, AZ 85262

$2,495,000
3 Beds
4.5 Baths
4,358 SqFt
Status Active
MLS # 6754019
Property Type Single Family Residence
Price Type --
Stunning architect designed, Spanish Hacienda style home set on 2.3 acres in the highly desirable community of Granite Mountain Ranch has been transformed by the current owners and is immaculate in every sense of the word. The charming courtyard entry set's the stage there's something special ahead. As you enter the home the gorgeous architectural details impress. Custom wood beams, refinished antique doors and new brown Saltillo tile floors are just the start. Ideal for intimate gatherings yet also perfect for accommodating large groups the home has a great feel to it. Highlights include: Soaring ceilings within the great room, chef's kitchen, dining room, formal living room, incredible primary suite and a wonderful separate guest casita ideal for company and more.

9005 N Crimson Canyon Fountain Hills, AZ 85268

$2,495,000
5 Beds
4.5 Baths
4,227 SqFt
Status Active
MLS # 6773765
Property Type Single Family Residence
Price Type --
This stunning golf side property in Eagle Mountain offers breathtaking sunset and mountain views, creating a serene oasis. Secured by a private gated entry, this home is spread over 4,227 square feet with 5 bedrooms and 4.5 bathrooms and features a 3-car garage. Inside, vaulted ceilings with exposed beams, stone and wood flooring, and archways add to the elegant design. The pre-wired surround sound fills the home with music, enhancing the ambiance. The spacious great room with a fireplace serves as the heart of the home, while the formal dining room opens to the backyard for seamless entertaining. The gourmet kitchen boasts stainless steel appliances, double ovens, granite countertops, a stone backsplash, and a large pantry. A breakfast nook and island with bar seating complete the space. The primary bedroom is a private retreat with a sitting room, ensuite bathroom featuring dual vanities, a soaking tub, and a large walk-in closet. Additional bedrooms offer comfort for guests, while a den serves as an ideal office or study. Outside, the backyard is an entertainer's dream with a covered patio, built-in BBQ, spa, and sparkling pool with water features. Multiple seating areas, a putting green, and a roof top deck with stunning views and city lights ensure perfect outdoor relaxation. This home beautifully blends luxury and comfort, making it ideal for entertaining or peaceful living.

6145 E Gold Dust Avenue Paradise Valley, AZ 85253

$2,495,000
5 Beds
3 Baths
3,100 SqFt
Status Active
MLS # 6779702
Property Type Single Family Residence
Price Type --
THE 3 C's schools . HOME and garage addition have been remodeled beautifully with room to grow. 5 bedrooms including 2 primary suites. 5th bedroom can be a study or game room . The back yard is massive with mature trees and much room to dream. This property has a Paradise Valley mailing address and city services . Continuous Cali Modern finishes on the exterior and the interior. Casita? Pickleball? RV? Room for all .

1805 E Rocky Slope Drive Phoenix, AZ 85048

$2,495,000
4 Beds
4 Baths
4,628 SqFt
Status Active
MLS # 6765462
Property Type Single Family Residence
Price Type --
Welcome to 1805 E Rocky Slope Dr, a stunning single-family home nestled in the highly desirable and gated community of Tapestry Canyon in Ahwatukee. This spacious 4-bedroom, 4-bathroom home boasts over 4,600 square feet of living space and is located on a quiet, scenic street with some of the best views in all of Phoenix. As you step inside, you'll be greeted by a bright and airy floor plan with soaring 18 foot ceilings, large windows, and modern finishes throughout. The gourmet kitchen features granite countertops, stainless steel appliances, and a center island perfect for entertaining. The adjacent living and dining areas offer plenty of room for family gatherings, while the cozy fireplace adds warmth and charm. The luxurious master suite is a private retreat, complete with a spa- like ensuite bathroom featuring dual sinks, a soaking tub, and a walk-in shower. The additional bedrooms are generously sized with ample closet space and privacy. Your private elevator makes accessing the home a breeze. Outside, enjoy Arizona's beautiful weather in your private backyard oasis. With several patios facing every direction, you will have breathtaking views from sunrise to sunset. The sparkling pool will allow you to cool off after a hike at one of the local trails. The home's proximity to South Mountain Park means you'll have access to hiking trails, parks, and outdoor activities right at your doorstep. A large 3-car garage, 2 living rooms, a butler's pantry and close proximity to top-rated schools, shopping, and dining. This home combines luxury, comfort, and convenience, making it a must-see for anyone looking to live in the heart of Phoenix's vibrant Ahwatukee Foothills community.

9972 E Mission Lane Scottsdale, AZ 85258

$2,495,000
5 Beds
4.5 Baths
4,400 SqFt
Status Active
MLS # 6762342
Property Type Single Family Residence
Price Type --
WOW! The long wait is over! Nestled on a massive cul-de-sac lot in the coveted Scottsdale Ranch, this 5-bedroom gem is the epitome of luxury living. From the moment you arrive, the residence impresses with a 3-car side garage, RV gate, circular driveway, and striking stone accents. Step inside to a mesmerizing interior that features wood-look floors, vaulted ceilings with exposed beams, pre-wired surround sound, and a formal dining area perfect for hosting gatherings. The spacious great room exudes warmth with a cozy fireplace, while the sleek kitchen shines with stainless steel appliances, wall ovens, custom cabinetry, a walk-in pantry, and an oversized island with a breakfast bar... The main bedroom is a true retreat, complete with a two-way fireplace that connects to the cozy sitting room. The spa-like ensuite offers backyard access, dual sinks, a soaking tub, a large shower, and an expansive walk-in closet. The additional bedrooms are generously sized, and a versatile den is perfect for a media room or extra living space. Outdoors, enjoy the serene private courtyard, or relax in the tastefully divided backyard featuring a covered patio, built-in BBQ, outdoor fireplace, lush lawn, and a sparkling pool. This exquisite residence truly has it all! Come and experience the charm for yourself!

6530 N 29th Street Phoenix, AZ 85016

$2,495,000
5 Beds
4.5 Baths
4,324 SqFt
Status Active
MLS # 6746151
Property Type Single Family Residence
Price Type --
Meticulously remodeled in Biltmore Hillside Villas! 24-Hr Guard-Gated Community! Enjoy 28-foot ceilings, natural light, light oak hardwood flooring and motorized solar shades throughout. Wolf appliances and quartz countertops. Junior Suite/Office on first level with en-suite bathroom. Spacious Primary Suite on the second floor with dual closets and MOUNTAIN VIEWS from the spa-inspired bathroom and private patio. Three additional bedrooms upstairs. Low maintenance backyard with one of the largest swimming pools in the neighborhood. 3 car garage, downstairs laundry and lots of storage space. Enjoy tennis courts, hiking trails and proximity to golf, dining and shopping!

11601 N 64th Place Scottsdale, AZ 85254

$2,495,000
4 Beds
3 Baths
2,516 SqFt
Status Active
MLS # 6763215
Property Type Single Family Residence
Price Type --
This is a rare opportunity to acquire a stunning, newly rebuilt estate designed by Modern Masterpieces in a neighborhood of $5M+ homes for under $2.5M. Set on nearly an acre, Serenity features a new floorplan, chef's Thermador kitchen with Italian cabinetry, a breathtaking master suite carved from quartzite slab and wood, premium finishes like 6' onyx look tile and designer fixtures throughout. Recent upgrades include a new two-bdrm addition, addtl HVAC system, new EV-ready 2 car garage, Hunter Douglas blackout shades, and a new high-capacity septic tank. Outdoors, enjoy over $250k of improvements, including the new Zen garden, citrus orchard, and professional grade outdoor kitchen. Walking distance to top schools, this estate offers perfect blend of luxury, privacy and community.

6431 E El Sendero Road Carefree, AZ 85377

$2,495,000
3 Beds
3.5 Baths
3,844 SqFt
Status Active Under Contract
MLS # 6684230
Property Type Single Family Residence
Price Type --
Welcome to gated Carefree Grandview Estates-a premier address in Carefree. Exceptional custom home, nestled on 2.5 acres on Black Mountain. Sweeping views and City lights. Dramatic paver driveway & motor court, leads to distinctive residence, private guest house & Unique 9 car garage/workshop. All one level residence. Welcoming courtyard and artistic entry doors open to expansive great room with fireplace and stunning wood beam ceilings which repeat throughout home. Large wrap around patio, accessed from many rooms & provides perfect setting for entertaining & relaxing in the tranquil surroundings. Alluring, secluded primary wing with fireplace & patio. Sunny east kitchen & breakfast room open to outdoors. Private office-abundant storage. Truly Remarkable Home-See Remarks for updates. enchanting views of city lights & gorgeous desert terrain. Private, refined, & tranquil, this is the epitome of Carefree living.

9041 N 46th Street Phoenix, AZ 85028

$2,495,000 - 4Br/4Ba -  for Sale in Tatum Foothills Lot 1-49 Tr A-q, Phoenix
Open House
$2,495,000
4 Beds
4 Baths
4,051 SqFt
Status Active
MLS # 6762683
Property Type Single Family Residence
Price Type --
This custom built modern luxury home sits in the prestigious gated community of Tatum Foothills. Set on a private interior lot this residence exudes sophistication and impeccable design. As you step inside, you'll be captivated by the breathtaking great room which features floor-to-ceiling windows that showcase the beautifully landscaped backyard, creating both indoor and outdoor living. At the heart of the room stands a striking fireplace, framed by an east-facing wall of glass that floods the space with natural light. This home features four bedrooms and 3.5 bathrooms all spread over 4,051 square feet- with plenty of space throughout. The primary bedroom includes a fireplace, space for a sitting area, a remodeled master bathroom and two walk-in closets. Every detail of this home has been carefully considered, from the fully updated bathrooms to the modernized kitchen. Outside, the backyard creates the perfect setting for relaxation or entertaining, framed by the stunning natural beauty of Arizona which includes a large pool with spa, outdoor BBQ area, plenty of grass space and more! Additionally, the site plan reveals ample space to add an additional two-car garage, a private casita, and expanding the entire footprint if desired. Beyond the home's luxurious interiors, Tatum Foothills grants access to top-rated schoolsCherokee, Cocopah, and Chaparraloffering an exceptional education from preschool through high school. Residents enjoy convenient access to the area's finest shopping, dining, and recreational options, including hiking and biking trails. Plus, with Phoenix Sky Harbor and Scottsdale airports just a short drive away, as well as the vibrant cultural hub of Scottsdale, this home offers the perfect balance of luxury and convenience.

14174 E Highland Avenue Fountain Hills, AZ 85268

$2,490,000 - 3Br/3Ba -  for Sale in Adero Canyon Parcel 5 Replat, Fountain Hills
New
$2,490,000
3 Beds
2.5 Baths
2,098 SqFt
Status Active
MLS # 6788396
Property Type Single Family Residence
Price Type --
Welcome to this stunning, newly completed luxury home in the desirable gated community of Adero Canyon. Located on a premium lot with breathtaking canyon & mountain views, this meticulously crafted Meyer Contemporary model offers a perfect blend of sophistication, style, & modern living. Enjoy the convenience of single level living, offering seamless flow & easy accessibility. The open concept living area is enhanced by high ceilings & expansive windows, filling the home with an abundance of natural light. Situated on a premium lot, the home overlooks a serene canyon, surrounded by unobstructed mountain views, providing a sense of privacy & tranquility. Every detail of this home has been thoughtfully curated, from the elegant neutral tones to the high-end materials that grace every room. The kitchen is a chef's delight featuring a large island w/quartzite countertop, upgraded cabinetry, pantry, Subzero refrigerator, Wolf cooktop, Wolf ovens and Subzero beverage refrigerator. The professionally designed desert landscape includes a striking linear pool, a built-in BBQ and a cozy firepit, perfect for relaxation and gatherings. A beautiful fully landscaped front courtyard with water feature creates a welcoming entry. The property's thoughtfully planned landscaping showcases a variety of premium desert plants offering vibrant colors year-round. This exceptional home is perfect for those seeking a private oasis with the convenience of modern living and the beauty of surrounding mountain views and desert serenity. Conveniently located near downtown Fountain Hills and Scottsdale with easy access to world-class golf courses, shopping, dining, and entertainment. Residents have access to nearby hiking trails and the Adero Resort and Spa, where club memberships offer access to fitness classes, a state-of-the-art gym, tennis, pickleball, plus both resort-style and lap pools at competitive rates.

7471 E Sierra Vista Drive Scottsdale, AZ 85250

$2,490,000
3 Beds
3.5 Baths
3,206 SqFt
Status Active
MLS # 6785358
Property Type Single Family Residence
Price Type --
Welcome to the swanky sophistication of this guard gated Lincoln Place stunner. From the moment you walk through the front door you will fall in love with this jaw dropping contemporary masterpiece. Impeccably renovated over the past few years this home oozes personality. It's walkable to all of the best restaurants and retail that Scottsdale has to offer. Step through the impressive glass entry with sweeping views of the living room, dining room, family room, kitchen and media room/office. The layout is incredible with multiple living areas separated by a spectacular 440 bottle climate-controlled wall of wine which feels like art. The front living area has great views of the fabulous backyard and the covered patio with stunning gold chandelier, salt water pool and jacuzzi. The great room is an entertainer's delight with large dining and living areas, chef's kitchen including huge island with seating, stainless appliances, 2 beverage refrigerators, warming drawer, pot filler and gorgeous marble and quartz counters. The dreamy media room can also double as a home office with a wall of glass doors overlooking the living areas. The two guest bedrooms both with ensuite baths are split leaving the large master suite with loads of privacy. Incredible luxury master bath has sumptuous soaking tub, large his/her vanities and walk-in closet. $100k Crestron Smart Home system. A 3-car garage is the final bonus. Wow....and welcome home!!!

6147 E Alta Hacienda Drive Scottsdale, AZ 85251

$2,489,000
3 Beds
3.5 Baths
2,491 SqFt
Status Active
MLS # 6703124
Property Type Single Family Residence
Price Type --
THIS CONTEMPORARY HOME BUILT IN 2022 HAS IT ALL, STARTING WITH GREAT CURB APPEAL AND LOCATED IN THE LUXURY GATED SIGNATURE AT THE PHOENICIAN COMMUNITY WHICH IS CENTRALLY LOCATED IN THE CAMELBACK CORRIDOR AT THE SOUTHERN BASE OF CAMELBACK MOUNTAIN. ENTER THROUGH THE FOYER AND INTO THE SPACIOUS GREAT ROOM FLOOR PLAN THAT FEATURES AN OVERSIZED RETRACTABLE SLIDING GLASS DOOR LEADING TO THE COVERED PATIO AND BRINGING THE OUTSIDE IN, PROVIDING TONS OF NATURAL LIGHT INTO THE SPACE. THE CONTEMPORARY CHEF'S KITCHEN WITH A SLEEK AND MODERN DESIGN OPENS TO THE GREAT ROOM AND BOASTS DUAL TONE CABINETRY, QUARTZ COUNTERTOPS, DESIGNER TILE BACKSPLASH, STAINLESS STEEL APPLIANCES, DUAL OVENS, A GAS RANGE, AND A CABINET FACE REFRIGERATOR THAT PROVIDES A SEAMLESS, CLEAN LOOK. THE OVERSIZED WATERFALL CENTER ISLAND OFFERS PLENTY OF EAT-UP BAR SEATING, PERFECT FOR ENTERTAINING FRIENDS AND FAMILY. INDULGE IN THE OPULENCE OF LUXURIOUS WOOD AND TILE FLOORING GRACING EVERY CORNER, ENSURING EFFORTLESS MAINTENANCE. REVEL IN THE GRANDEUR OF HIGH CEILINGS AND THE SUBTLE ALLURE OF RECESSED LIGHTING THAT GRACEFULLY ILLUMINATES THE SPACE. THE MASTER SUITE FEATURES A SLIDING GLASS DOOR TO THE BACKYARD. THE SPA-LIKE MASTER BATH BOASTS DUAL FLOATING VANITIES, A SPACIOUS GLASS ENCLOSED WALK-IN SHOWER WITH A BENCH AND A LUXURIOUS DESIGNER SOAKING TUB, PERFECT FOR RELAXING AND UNWINDING. ADDITIONAL BEDROOMS ALL FEATURE WOOD FLOORING. THE SPACIOUS LAUNDRY ROOM OFFERS A FRONT-LOADING WASHER AND DRYER, AS WELL AS PLENTY OF BUILT-IN CABINETRY FOR AMPLE STORAGE ALONG WITH A CONVENIENT UTILITY SINK. OUTSIDE YOU'LL FIND A COVERED PATIO ADORNED WITH EXTENDED PAVERS, CREATING A FLAWLESS SPACE FOR AL FRESCO DINING AND RELAXATION. EASY CARE SYNTHETIC GRASS TIES INTO THE SPACE, CRAFTING A SERENE SETTING FOR YOUR ENJOYMENT. LOCATED JUST MINUTES AWAY FROM WORLD-CLASS SHOPPING, DINING AND RECREATION. COMMUNITY AMENITIES INCLUDE A PRIVATE POOL, WELL-APPOINTED FITNESS CENTER AND STYLISH OUTDOOR GATHERING SPACES.

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