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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1112 N Center Street Mesa, AZ 85201

$2,300,000
1 Bed
1 Bath
1,694 SqFt
Status Active
MLS # 6742181
Property Type Single Family Residence
Price Type --
140,525 SQFT 3.226 acres These three residential parcels represent a unique redevelopment opportunity for a multi-family and/or mixed use project, just north of downtown Mesa. The central part of Mesa has been undergoing a considerable transformation and this property is well-located to continue this trend. This site offers the potential for residential rentals, condominiums for sale, and possibly commercial uses mixed with residential. 3 parcels 137-20-004-A, 137-20-010, 137-20-002

3717 N 35th Street Phoenix, AZ 85018

$2,300,000
5 Beds
3 Baths
3,110 SqFt
Status Active
MLS # 6749943
Property Type Single Family Residence
Price Type --
***Napa Inspired Arcadia Area Ranch***2019 Sticks & Bricks masterpiece combines the quintessential look of Arcadia on a 1/3 acre lush vineyard w/ fruit trees. Gourmet kitchen overlooks great room, dining & indoor/outdoor living. Large Carrara marble island kitchen, white shaker cabs, Wolf 6 burner cooktop, fridge/wine fridge/freezer combo, vaulted ceiling w/ beams, 2 gas fireplaces, 8'' oak plank floors, butler's pantry w/ dishwasher, icemaker, coffee station. Large laundry w/ herringbone slate flooring, granite counter, farm sink & Dutch door. Split master w/ separate tub/shower, dual marble vanities. 16 ft Heritage pass through slider to gorgeous backyard. Sparkling pebble sheen play pool/green grass. 10 minutes from airport, walk to shops, restaurants, bars. Nothing like it on market.

1525 W Maddock Road Phoenix, AZ 85086

$2,300,000
3 Beds
2 Baths
1,820 SqFt
Status Active
MLS # 6752615
Property Type Single Family Residence
Price Type --
ATTN: ALL ROPER & HORSE ENTHUSIASTS! Here's a unique opportunity to own almost 10 acres in a desirable location, 20 mins to Dynamite Arena & less than 1 hour to Rancho Rio in Wickenburg. Lazy S Bar D has everything you will need to operate as a trainers facility, commercial boarding, hold equine events or enjoy for your own personal use. Amenities include a 310' x 140' Arena under LED Lights, Priefert automatic roping chute, Priefert alley, plenty of Priefert cattle pens & turnouts, 3 mare motels w/ 40 spacious stalls, plenty of tack storage, 48' x 60' storage, 15 RV Hookups & a great producing private well w/ storage tank! The home features an open floorplan - great for entertaining, granite countertops in kitchen w/ stainless steel appliances, a laundry room w/ outdoor access, large... primary bathroom w/ jetted tub & beautiful cabinetry throughout.

14554 N Valencia Drive Fountain Hills, AZ 85268

$2,300,000
4 Beds
4.5 Baths
2,974 SqFt
Status Active
MLS # 6757073
Property Type Single Family Residence
Price Type --
Embrace luxury living! This breathtaking home is perfectly situated on one of the premier lots in the exclusive, gated Adero Canyon community. The elegant single-story residence features an open-concept layout, vaulted ceilings, and expansive windows that flood the space with natural light, offering stunning views of the mountains. Meticulously cared for and thoughtfully upgraded throughout including remote control/bluetooth electric blinds throughout, this home is in pristine condition and move-in ready. The kitchen, the centerpiece of the home, impresses with its abundance of cabinetry, a spacious center island, high-end stainless steel appliances, and a walk-in pantry. Perfect for entertaining, the open living and dining areas are highlighted by a striking fireplace. A 4-panel sliding door seamlessly connects the indoor space to a beautifully custom designed backyard with sparkling pool/spa. The pool features state of the art Pentair automation system with bluetooth accessibility to cooling AND heating capabilities with cost effective electric heater. The spacious primary bedroom is thoughtfully separated from the two additional ensuite bedrooms, ensuring privacy for both. There's also an attached guest casita with its own entrance, featuring a bedroom and bath, ideal for guests or versatile with endless options to be utilized. This Thaxton + casita home is the ultimate lock-and-leave option, offering new construction in a gated community with unbeatable views in the picturesque Adero Canyon. Residents have direct access to nearby trailheads, and are conveniently close to the vibrant downtown Fountain Hills area, world-class golf courses, restaurants, and The Adero Resort and Spa, where club memberships offer access to fitness classes, a state-of-the-art gym, tennis, pickleball, and resort-style and lap pools at competitive rates.

2166 E Caroline Lane Tempe, AZ 85284

$2,300,000
4 Beds
4 Baths
4,870 SqFt
Status Active
MLS # 6779715
Property Type Single Family Residence
Price Type --
Rare opportunity in this highly sought after equestrian community of Circle G Ranches in South Tempe! A one-of-a-kind, traditional, architect-designed home features brick and oak woodwork thoughout on a private oversized (approximately 2/3rd acre) lot. The home features 4 bedrooms, 4 1/2 bathrooms and a large basement with a billiards game room and rare port-cochere side entrance. As you enter this classic home you will be impressed by the beautiful large oak front door. The foyer opens to a high octagonal rotunda ceiling with a grand chandelier that will surely impress your guests. There are soaring high ceilings throughout the entire house. The kitchen has lots of cabinets space and granite countertops, and a Subzero refrigerator overlooking the massive pool. The family room has vaulted ceilings and French doors with transom windows that open to the backyard. The owners suite also has a fireplace and lovely french doors that look out on the backyard. Just adjacent to the suite is an indoor spa room and exercise area. The basement has natural light coming from the walk out patio. Everything was built with the highest of quality including the basement which has a poured cement ceiling and walls. There are three brick propane fireplaces, and three oak built-in desks in the home. The bedrooms are very spacious and all have walk in closets. There are many additional closets for extra storage. The backyard is designed to entertain with a large patio and a huge pebble tec diving pool with a soothing rock waterfall and diving rock featuring mature, lush landscaping including citrus trees. There is also a built in stainless Barbeque. There is also a 1,500 square foot, heated 4-car garage which has room for an RV or high enough ceilings for a car lift. There is also a separate interior workshop. The garage has many cabinets for all the items the buyer wishes to store or create. The home has been extremely well-cared and is often described as a comfortable home by guests. The exterior of the house and the garage interior were recently painted. Repairs and updating have been made over the years. This is a home you MUST SEE!!! As you enter Circle G there is a tree-lined entrance to the private park which houses a children's play area, tennis courts and riding arena - the community is truly special. Incredible location near highly rated schools, tech corridor, restaurants, freeway access and all that Tempe has to offer!

5066 W Three Forks Road Prescott, AZ 86305

$2,300,000
4 Beds
4 Baths
2,960 SqFt
Status Active
MLS # 6767206
Property Type Single Family Residence
Price Type --
Discover this stunning custom-luxury home, offering incredible outdoor entertainment nestled on 2.25 acres with endless possibilities. The attached 1259 SF heated garage will fit all your toys combined with a separate RV garage built in 2022. It will fit a 32 ft RV, includes a bathroom, and is completely finished throughout with an HVAC system, finished interior to be used as a shop, game room or more. The resort-style fenced backyard boasts a large covered heated patio, outdoor kitchen, ramada & pergola with dining area, bocce ball court, putting green, hot tub, and more. Additional features include owned solar & very low electric bills, beautiful wood-look tile flooring, wood beamed ceilings, custom bar, and chef's kitchen with large island. The property is beautifully landscaped with a rustic water feature and an expansive paver driveway. The property can be split into two lots: 1.25 acres with the home and a 1-acre lot perfect to separate for a new build or a guest house for extended family. Located in Prescott's premier country club and golf resort community. Talking Rock is a 24-hour security gated luxury home community with a Troon golf course and exceptional amenities. You have everything you would want or need here, from golf, to pickle ball, tennis, dining, fantastic dog park and community garden. The solar system is owned and monitored by Solar One, an excellent AZ solar company!

2055 E Ranch Road Tempe, AZ 85284

$2,300,000
5 Beds
3 Baths
3,997 SqFt
Status Active
MLS # 6784896
Property Type Single Family Residence
Price Type --
Welcome to the ''Arcadia'' of Tempe. This charming and cozy Santa Barbara-style estate is located in Circle G Ranches Tempe, a custom home neighborhood boasting a tree lined entrance, private park, riding arena and large lots. Meticulously maintained, this Ranch Road Estate has a pre-listing inspection that reflects this, making the home VERY move-in ready. From the moment you pull into the circular driveway, you will be greeted by lush landscaping and a tree tunnel that lines the long westward driveway and a spacious front porch area with fountain feature. As you enter the home, you'll be welcomed by high vaulted ceilings with rich wooden beams. The open area great room, dining room and kitchen has ample storage and counter space which makes it an entertainer's delight. You will feel right at home & so will your guests! The home has a newly remodeled kitchen with updated quartz and honed granite countertops, farmhouse sink, ice maker and new Bosch induction stove. The main home has 5 bedrooms and 3 bathrooms and the 500+ SF casita with half kitchen and full bath is perfect for guests, a gym, office, or whatever you'd like! The backyard is inviting with its covered patio area and ample areas to enjoy the outdoors, including a private patio offset from the primary bedroom and backyard with great depth. Other amenities include Pebbletec pool, block construction, misting system, & mature orange, grapefruit, lemon and kumquat trees. This expansive property also has front and back irrigation system which dramatically cuts back water costs and has better efficiencies. Casita A/C and air handler installed 2019. Three other units new installed in 2023. High quality Milgard windows and Bella wood floors throughout the home. N/S Orientation of this Circle G abode is also ideal. Close access to airport, freeways and restaurants too!

10911 E Taos Drive Scottsdale, AZ 85262

$2,300,000
5 Beds
4 Baths
5,472 SqFt
Status Active
MLS # 6749370
Property Type Single Family Residence
Price Type --
This could be a car enthusiast home with window from bonus room to the garage. 33X25' and 16X25' garage with 12 foot ceilings. See concept design. Must see!! This exquisite home is an entertainer's dream oasis! Private yet minutes to restaurants and shopping.High-end finishes throughout. The bedrooms are thoughtfully separated giving extra privacy. Two primary suites with fireplaces. A resort-style backyard includes a built-in bar & BBQ, outdoor living room with a fireplace TV, misters, a fire pit, pool with spa. A second fireplace in the covered patio with misters, outdoor shower rounds out the outdoor entertaining areas. Photos are virtual staged and garage & wine room are renderings w/carlift & window A beautiful 2nd primary suite with fireplace and private entrance.

38800 N 107th Way Scottsdale, AZ 85262

$2,300,000
5 Beds
5 Baths
5,216 SqFt
Status Active
MLS # 6783067
Property Type Single Family Residence
Price Type --
This remarkable desert dream is the epitome of luxury and style. Nestled on a coveted corner lot, this energy-efficient cul-de-sac home is truly a homeowner's dream. From the moment you step inside, you'll be captivated by the fine craftsmanship and thoughtful design that went into every detail. As you enter through the foyer, the travertine flooring and exposed ceiling beams create an ambiance of elegance and sophistication. The spacious living room is a cozy haven with a stone fireplace, pre-wired surround sound, and multi-slider glass doors that provide a one of a kind indoor-outdoor living experience. Here, you can entertain guests or simply unwind while enjoying the breathtaking views of the surrounding landscape. Prepare to be inspired in the remarkable kitchen, equipped with stainless steel appliances, granite counters, and a travertine backsplash. With an abundance of cabinets, crown molding, a walk-in pantry, and an island with a breakfast bar, this kitchen is a chef's paradise. The adjacent breakfast nook provides the perfect spot to enjoy your morning coffee while taking in the beauty of the courtyard. This extraordinary property also features a 5-car garage, a paver driveway, and a private courtyard where you can relax and rejuvenate. Additionally, the attached casita with 1 bedroom and 1 bath offers a versatile space that can be used as a guest suite, home office, or even a studio. Located in a special community, you'll have the convenience of being within golf cart distance from both the prestigious Desert Mountain and Mirabel country clubs. Enjoy world-class amenities, championship golf courses, and a vibrant social scene right at your fingertips. Don't miss your chance to own this exceptional home that combines timeless elegance with modern comfort. Your dream home awaits!

2372 Summer Loop Forest Lakes, AZ 85931

$2,300,000
4 Beds
3.5 Baths
4,639 SqFt
Status Active
MLS # 6727951
Property Type Single Family Residence
Price Type --
Introducing an exquisite turn key (furnished) residence nestled in the serene Forest Lakes Estates at 2372 Summer Loop—offered for the discerning buyer. This majestic cabin-style house presents a unique harmony of luxury & natural beauty, spanning approximately 4639 square feet of meticulously crafted interior space, complemented by its enchanting outdoor settings. The journey begins on a stately asphalt circular driveway leading to a welcoming front porch. Stepping through the custom-designed front door, one is greeted by an expansive great room framed by soaring ceilings & walls adorned w/rare Aspen wood—an element that can no longer be sourced, adding exclusivity to the home.The great room's open layout flows effortlessly into a culinary masterpiece of a kitchen. Equipped with state-of-the-art Wolf & American (range) appliances, luxurious granite countertops, and an ample walk-in pantry, this kitchen is truly a chef's dream. The kitchen and dining area are not just a place for preparing meals, but an exquisite space for creating memories, surrounded by panoramic views of the lush landscape from the sliding glass doors that reveal an elevated deck, allowing for an immersive natural experience. The deck leads down to a second patio accessible from the walk-out basement, which serves as the ultimate entertainment hub. Here, a striking mesquite bar top with a live edge invites guests to gather around, while amenities such as a refrigerator, built-in ice maker, composite sink, and a cozy gas fireplace enhance the convivial atmosphere. The basement also features a spacious guest room, full bathroom and amazing storage closet. Then off to relax in the primary suite (main level of home), featuring a private fireplace, a sauna, and direct access to the deck, creating a perfect retreat. The ensuite bathroom adds a touch of opulence with a dual-sink vanity, a large jetted garden tub, and a luxurious walk-in shower. Upstairs, a generous loft space includes a second living area, ideal for a playroom or an additional family room, and an office space, providing functionality along with luxury. Two additional bedrooms with ample space and a full bathroom complete this level, ensuring comfort for family and guests alike. Outside, the property showcases terraced entertaining spaces amid a backdrop of towering ponderosa pines and spruces. The lush landscape is punctuated with perennial flowers and seating areas, including a fire-pit, designed for enchanting evenings under the stars. This residence does not just offer a home, but a lifestyle of unparalleled comfort and prestige, ready to welcome those who appreciate luxury merged with natural beauty. For those seeking a haven that espouses both refinement and grandeur, 2372 Summer Loop promises to be nothing short of extraordinary. **Seller spent around 15k leveling area for future detached garage /additional parking but would also make a great pickleball / sports court area.**

11426 E Quail Lane Cave Creek, AZ 85331

$2,300,000
4 Beds
4.5 Baths
3,861 SqFt
Status Active
MLS # 6729200
Property Type Single Family Residence
Price Type --
Glass dominant new build with total privacy and forever views of Tonto National Forest, mighty Four Peaks, Weaver's Needle and all connecting ranges. Sleek and stylish contemporary in cool neutral tones with stainless steel appliances and 6 CAR GARAGE with space for more if you wish. Intelligent and open floor plan with 4 bedrooms (including casita) and 4.5 bathrooms offering spacious comfort for all in residence. Kitchen designed in a clean white palette with an island large enough for both prep and service. 6 burner gas grill with griddle and side by side 60 inch refrigerator/freezer for the gourmand in mind. Gunmetal shades of grey high gloss Italian porcelain floors throughout. Spray foam insulation in every wall and ceiling, all en suite bedrooms with walk in closets. ''Passive home' design offers maximum energy efficiency delivering lower APS and gas bills as the construction/design amplifies conservation. Designed with an ideal Southern exposure/orientation to offer intentional interior climate controlled benefits throughout the year. Tonto Hills is a very private, equestrian deeded gem of a community at an elevation of 3800 feet enjoying cooler temperatures and a forever breeze on the mountain. No air traffic, countless hiking trails/landmarks and a neighborhood restaurant within walking distance with views that will astonish you and your guests. Plenty of room for a pool that could be seated for your privacy in mind capturing the panorama and moonscape views before you...

5039 S 158th Street Gilbert, AZ 85298

$2,300,000
4 Beds
4.5 Baths
4,285 SqFt
Status Active
MLS # 6768270
Property Type Single Family Residence
Price Type --
Rare opportunity to own a 2018 custom ranch farmhouse on 1.25 acres with no HOA. This 4 ensuite beds, 4.5ba home includes a 3-car garage plus a 52' RV garage. Features include stunning wood plank tile, wood beams, and abundant natural light. The large den with barn doors and a murphy bed can easily be utilized as a 5th bedroom. The master suite boasts a spa-like bath with a rainfall shower, garden tub, and large walk-in closet. A chef's kitchen offers ss appliances, a massive quartz island, and a walk-in pantry. Enjoy the covered patio with misting fans, fireplace, and mounted TV. The lush property includes mature trees, grass, garden beds, avail flood irrigation, a covered structure perfect for a boat or trailers, and prepped for another workshop with sewer and power readily accessible.

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