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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8701 E Highland Avenue Scottsdale, AZ 85251

$2,200,000
4 Beds
2 Baths
2,289 SqFt
Status Active
MLS # 6787504
Property Type Single Family Residence
Price Type --
ULTRA-LUXURY BUYERS WANT EVERYTHING AT THEIR FINGERTIPS & ARE LOOKING FOR PROPERTIES THAT ARE DISTINCT & USUALLY 'ONE-OF-A-KIND'!! ONLY ONE SAVVY DEVELOPER... ''SCOTTSDALE'S PREMIER LUXURY BRAND'' HAS RESPONDED BY DESIGNING A 'UNICORN' RESIDENCE WHOSE UNIQUENESS BEGINS WITH ITS SPRAWLING 22,798 Sq.Ft. IRRIGATED LOT, DISTINGUISHED BY A 3-CAR GARAGE & AN ''IN-GROUND, GLASS-FLOOR AQUARIUM'' THAT GIVES THE IMPRESSION OF 'WALKING ON WATER' MAKING THIS HOME A 'UNICORN...SOMETHING THAT IS HIGHLY DESIRABLE, BUT DIFFICULT TO FIND, TYPICALLY UNUSUAL, RARE OR UNIQUE!' This is ambitious from an architectural perspective, it's not just a FISH TANK, it's an immersive feature that brings tranquility & nature right into your daily routine, from the laundry right into the center of the home you'll be greeted by the peaceful sight of colorful tropical fish swimming right beneath your feet!! Imagine stepping into a home where the indoors seamlessly flow onto an entertainers dream space, Adjacent to the BRAND NEW HEATED POOL is a 'ONE-OF-A-KIND OUTDOOR KITCHEN' designed to be the centerpiece of your outdoor living space which opens up to the expansive backyard with plenty of room to roam. Whether you're sipping a cocktail while watching the sunset, enjoying the view from your ROOFTOP DECK.... 'SCOTTSDALE'S PREMIER LUXURY BRAND' has created another unique space... this is not just your standard BBQ setup. It's a 'STATE-OF-THE-ART BUILT-IN KITCHEN' with grill, separate smoker, wood paneled bar, 2 TV's, beverage fridge, and when you're not using it, just magically close it up until the next Sunday Funday!' Step inside Into the majestic vaulted open Living/ Dining spaces with exposed wooden beam, a 6 foot WINE GALLERY lines the one wall & focal point brick wood burning fireplace the other. The Signature 'two-tone' Designer Kitchen' is fully integrated with KitchenAid appliances with gas cook has 10 ft kitchen island and is Flanked on both sides by 2 bedrooms and 2 bathrooms. The primary suite has beverage bar and 'spa-like' bathroom en-suite and flows beautifully to the outdoors. Beyond the home, the expansive lot offers endless possibilities.... room for a casita, create your own garden or vegetable farm, DO YOU HAVE TOYS?? Trailers, RV's, Boats with NO HOA, this is your own playground! Car enthusiasts will be awed by the 3 car garage with E-V charging station, designer lighting, & built in cabinetry, and with Inside Laundry with Washer/dryer FINALLY A HOME THAT EXCEEDS ANY & ALL EXPECTATIONS!! FEATURING: RARE 1/2 ACRE Irrigated Lot - Minimal Water Bill, 3 CAR GARAGE That Rarely Exists in South Scottsdale, Floor to Ceiling Custom Designed Cast Iron/Glass Pivot Front Door, Brand New Heated Pool, New Electrical, New Plumbing, All New Landscaping & Ambient Solar Lighting, Thousands of SQ. FT of Pavers, Double Insulated Garage Doors, New Tile & Metal Roof, New HVAC System & Ducts, Engineered Hardwood Floors Throughout, Vaulted Ceilings, Dual Pane Windows & Sliders Throughout, Custom Designed Drapery & Hardware, Handpicked Chandeliers, Lighting & Fans, Signature Pewter & Brass Hardware Throughout, Top-of-the-line KitchenAid Appliance Package, Ample Off-Street Parking.

2457 E Amber Court Gilbert, AZ 85296

$2,200,000
5 Beds
5.5 Baths
5,249 SqFt
Status Active
MLS # 6737871
Property Type Single Family Residence
Price Type --
Welcome to your dream home! Nestled on a corner lot within the prestigious gated community of TH Ranch in Gilbert, Arizona, this exquisite 5-bedroom, 5.5-bathroom estate offers unparalleled luxury and comfort. With 5249 sqft of single-story living space, this home appraising for its list price features an open floor plan designed for modern living, with 12' ceilings. The heart of the home boasts a gourmet kitchen with double-stacked cabinetry, stunning quartz countertops, and top-of-the-line Wolf and Sub-Zero stainless-steel appliances, making it a chef's paradise. Choose between two luxurious primary suites, perfect for ultimate privacy or an ideal setup for a home theater, both including expansive his/her walk-in closets. Each of the additional bedrooms features... its own private ensuite bathroom, ensuring comfort and convenience for every member of the family. A thoughtful in-law suite/wing provides a separate living space for guests or extended family, ensuring everyone has their own retreat. Step outside to a beautifully paved courtyard and a stunning salt water pool, perfect for relaxation and entertaining. The home backs to a serene greenbelt, offering beautiful views and added privacy. For car enthusiasts, the property includes an attached 4-car extended garage and a detached 50' temperature-controlled RV garage with 220V power, capable of accommodating up to 4 additional cars. Positioned on a desirable corner lot, this home offers added space and privacy within the community. This magnificent home combines luxury, functionality, and style in one of Gilbert's most sought-after communities. Don't miss your opportunity to own this incredible property!

715 S Cactus Wren Street Gilbert, AZ 85296

$2,200,000
4 Beds
4.5 Baths
4,557 SqFt
Status Active
MLS # 6694805
Property Type Single Family Residence
Price Type --
Situated in a highly coveted neighborhood, this beautiful residence offers the perfect fusion of contemporary luxury interior and tranquil country environment. Just a half mile from a major commercial intersection (Warner and Val Vista) in Gilbert and 10 minutes from the San Tan mall area with sprawling options for shopping and restaurants, this 1.3 acre property is nestled with other 1+ acre properties to create serene and green surroundings. This home was completely remodeled in 2022 with a modern design and meticulous attention to every design detail. Raised contemporary ceilings, new sleek flooring throughout and new plantation shutters all added for a clean and stylist presentation. Lush landscaping, plentiful grass, and an 8 foot perimeter wall provides privacy and an atmosphere of relaxation. A new pool with waterfall features and diving area is under construction and scheduled for completion by November. Please excuse any noise or outside dirt you may encounter. In addition, the 2022 remodel included a new HVAC, hot water heater, water softener, RO system, appliances and high grade insulation accompanied the interior and exterior emodel. The heart of the home lies in the gourmet kitchen and family room with a high vaulted shiplap ceiling, a sprawling island countertop (seats 10) and an array of high-end appliances for indulgence in culinary delights or just gathering together. Entertainment abounds with a renovated movie room with 8 recliner chairs blue toothed for sound to provide an optimal cinematic experience. All of this combined with a new state-of-the-art Sony projector and sound system. There are 2 primary bedrooms with large en-suite bathrooms including separate showers and soaking tubs. Two additional large bedrooms, one with an en-suite bathroom, supports many family and living combinations. All bedrooms and bathrooms were gutted and redone to create a sense of spa-like tranquility. This and more protected by a comprehensive security system. Come see it and feel it for yourself.

25313 N 114th Street Scottsdale, AZ 85255

$2,200,000
4 Beds
4.5 Baths
4,271 SqFt
Status Active
MLS # 6733090
Property Type Single Family Residence
Price Type --
Sweeping and forever Epic Arizona Landscape Views, Quality Construction plus the entire walkout can be used as Guest Quarters and opportunity to extend the kitchenette to a full kitchen. At the base of Troon Mountain, aka TROON VILLAGE at WINDYWALK featuring breathtaking views of Troon Mountain, Four Peaks, and McDowell Mountain. This exquisite home offers single level living with no steps from the main entrance or the garage, into an open kitchen layout, formal living, family room, breakfast nook, primary bedroom and 2nd bedroom, full Laundry and powder room. The Guests Quarters: Down below: * Guest Quarters: Entire floor perfect for visitors or extended family. * Outdoor BBQ: Enjoy al fresco dining with a stunning '40-mile view.' * Old World Charm: Beveled travertine stone adds a touch of elegance. * Spacious Living: Two family rooms provide ample space for relaxation and entertainment. * Three Fireplaces: Cozy up in style with three fireplaces throughout the home. * Three-Car Garage: Plenty of space for vehicles and storage. Experience luxury living with epic views and exceptional construction quality. See motion Video; YOU MAKE THE CALLL

702 E Carver Road Tempe, AZ 85284

$2,200,000
5 Beds
4 Baths
4,577 SqFt
Status Active
MLS # 6736179
Property Type Single Family Residence
Price Type --
Rare Opportunity! Privately gated, no HOA, 2012 build by VIP Homes, and on 0.75 of an acre lot with $600,000 spent in recent years exterior upgrades. This meticulously maintained custom-built estate is an entertainer's dream and is situated in an extremely convenient Tempe location. The main level features plenty of common area entertainment space with a nicely appointed chef's kitchen, plus a guest bedroom, bathroom, and bonus room. The upstairs includes a spacious master suite, entertainers loft, laundry room, and an additional three bedrooms and two bathrooms. The backyard is a show stopper, over $150,000 spent in installing mature privacy and resort-style trees alone. Complete pool remodel (2024) including a fire feature, new pebble tech surface, pool heater, and glass accent tile. The backyard also includes an incredible built in sound system, custom lighting, sport court, bar and Hydropool hot tub. Plenty of parking including a 3-car garage and an automatic RV gate with shaded parking. Don't miss this opportunity, it is a rare property you won't see every year.

86 Linda Vista -- Sedona, AZ 86336

$2,200,000
4 Beds
4 Baths
4,634 SqFt
Status Active
MLS # 6767898
Property Type Single Family Residence
Price Type --
This 4,364 sq. ft. home in the gated Foothills S subdivision sits on .47 acres offering Thunder Mountain Red Rock VIEWS and NEW SOLAR & HVAC! The GREAT ROOM features NEWER wood floors, cedar wood ceilings, a stone gas fireplace, and floor-to-ceiling windows flooding the space with natural light. The chef's kitchen boasts NEW quartz countertops, a gas Viking cooktop, Wolfe double ovens, a Sub-Zero refrigerator, and a Wolfe microwave. The main level offers a luxurious master suite with a sitting room, gas fireplace, private deck, and a stunningly remodeled bathroom. Oversized 2-car garage + Tesla charger. Expansive deck with a fireplace for entertaining. The lower level features a home theater, gym, 2 guest bedrooms, and 2 baths plus 2 bonus rooms not added in sqft! SIMPLY STUNNING! Property Highlights: - Panoramic Views of Thunder Mountain and Red Rock from every corner of the home - Recent Remodels include new wood floors, quartz countertops, and top-of-the-line appliances - .47 Acres of private, serene land Close to Sedona's Best Attractions and amenities - Spacious Great Room with new wood floors, cedar wood ceilings, and a stunning stone gas fireplace - Commercial-Grade Open Kitchen with new quartz countertops, a gas Viking cooktop, new Wolfe double ovens, a new Sub-Zero refrigerator, and a new Wolfe microwave - Eat-in Kitchen with a bar counter for informal dining - Primary Suite with a separate sitting room, gas fireplace, and private deck off primary bedroom - Powder Room with quartz countertops - Oversized 2-Car Garage - Massive Outdoor Deck with a fireplace for entertaining and BBQs - Lower Level features 2 additional bedrooms, a flex room, 2 bathrooms, and a theater room - Desirable Gated Community in West Sedona Buyer Appeal - Ideal for Buyers seeking an open, spacious, entertaining home in a desirable location - Panoramic VIEWS and high-end finishes make this property stand out - Gated Community provides added security and privacy

12975 E Buckskin Trail Scottsdale, AZ 85255

$2,200,000
4 Beds
3.5 Baths
3,095 SqFt
Status Active
MLS # 6763855
Property Type Single Family Residence
Price Type --
Imagine: you're waking up with the sun lighting up your unobstructed, protected mountain views. Then, you're hiking Tom's Thumb on a gorgeous AZ December day and coming home to your pre-heated dry sauna. This isn't a dream, it could be your new reality when you live in this spectacular Storyrock home. Yes, there's the seamlessly flowing floorplan, chef-worthy kitchen, purposeful open concept living, & stunning luxury fixtures. Of course there's every upgraded finish throughout - every room featuring a statement design aesthetic. There's the most serene backyard with heated pool & firepit...Those details are important - but you're here because when the sun is setting and you're enjoying dinner al fresco - you're experiencing absolute serenity. We could barely put a price tag on it.

2782 E Citadel Court Gilbert, AZ 85298

$2,200,000
5 Beds
5.5 Baths
4,447 SqFt
Status Active
MLS # 6765545
Property Type Single Family Residence
Price Type --
Amazing Custom home on Huge 1 Acre Lot. Professionally designed, this modern/mediterranean gem boasts hand-scraped engineered hardwood flooring, modern kitchen with gourmet appliance package, stone and quartzite slab tops and deco tile surrounds, trim wall accents and custom shelving, upgrade modern light package, gorgeous outdoor living spaces including front courtyard and back covered and entertaining patios, full guest casita and en-suite quarters with separate entrances, drive-through garage, amazing play pool with slide and grotto, oversized RV gate and parking area, cathedral ceilings, and natural lighting throughout. Cul-de-sac orientation provides plenty of privacy and grand open space vistas.

13815 N Vista Del Oro -- Fort Mcdowell, AZ 85264

$2,200,000
5 Beds
5 Baths
4,533 SqFt
Status Active
MLS # 6770848
Property Type Single Family Residence
Price Type --
Welcome to your exclusive 10-acre estate, a private oasis just 12 minutes to Fountain Hills, 30 minutes to Sky Harbor, Old Town Scottsdale, and 10 min to Saguaro Lake. This Santa Barbara-style home offers stunning mountain views from every angle, set on its own mountaintop with 5 acres above and 5 acres below. A gated entry and security system ensure privacy and peace of mind as you enter this luxurious retreat. The gourmet kitchen is a chef's dream, featuring a 6-burner Wolf range, Sub-Zero refrigerator, two center islands, and a custom pantry with a drawer microwave and full-size wine fridge. The spacious 2,200 sq. ft. patio is professionally enclosed with rattlesnake-proof fencing, creating a safe outdoor living space. Enjoy the heated infinity pool and spa, a sunken seating area with a fireplace and an outdoor kitchen, perfect for entertaining with panoramic mountain views as your backdrop. An additional large, fenced-in side yard is home to mature fruit trees, including Meyer lemon, white grapefruit, mandarin orange, and lime. Inside, the home is partially furnished and features soaring 22-foot ceilings, three electric fireplaces (two in the living room and one in the dining room), and expansive windows. The guest house offers a kitchenette and a large walk-in closet, while the property includes a large storage shed behind the casita. This home has a private well, along with a Kinetico water softener and whole-house filtration system, along with reverse osmosis (RO) in the kitchen. This one-of-a-kind property also boasts a meditation area with a firepit and hammock overlooking Four Peaks, partially fenced horse arena is ready for horses with water access to the lower 5 acres, and a 220V outlet in the garage for electric vehicle charging. With no HOA, this home combines luxury, privacy, and modern conveniences in an unbeatable location.

118 E Palm Lane Phoenix, AZ 85004

$2,200,000
4 Beds
4 Baths
3,915 SqFt
Status Active
MLS # 6775423
Property Type Single Family Residence
Price Type --
Own a piece of Phoenix history with the esteemed RA Cox House, a 1925 adobe by Hollywood architect C. Lewis Kelley. Situated next to the Alvarado historic district, and on the National Register of historic homes, this stunning Spanish Colonial shares her 20,000+ sf irrigated lot with numerous citrus, fig, Crepe Myrtle and palm trees. Complete with beamed ceilings, wood floors and restored windows, the home is timeless and elegant with fabulous entertaining spaces. The light-filled east-facing kitchen is a culinary dream, with Soapstone counters and Carrara marble island. The serene master suite comes complete with a spacious walk-in closet and recently renovated bath. French doors spanning the back of the home lead to the covered porch and oasis-like backyard, featuring a glass-tiled pool , mature landscape and raised-bed gardening area. Additional highlights include a temperature-controlled wine cellar with arched brick storage, high-capacity AC units, 2 car garage with additional storage area and reduced property taxes. This exceptional property offers a unique blend of history, luxury and tranquility.

7026 E Warner Road Tempe, AZ 85284

$2,200,000
5 Beds
5 Baths
5,500 SqFt
Status Active
MLS # 6786409
Property Type Single Family Residence
Price Type --
1.94 ACRE BULK SALE OPPORTUNITY includes APN 301-52-984 (Vacant Land to the North) in a highly sought after location in Tempe. City approved easement on the west side of the properties for access to the North lot; Build your Dream Estate, two brand new homes, or renovate the existing property. This is a rare opportunity with a variety of possibilities, in a prime Tempe location.

7112 E Wildcat Drive Scottsdale, AZ 85266

$2,200,000
4 Beds
3.5 Baths
4,203 SqFt
Status Active Under Contract
MLS # 6783557
Property Type Single Family Residence
Price Type --
Stunning Tuscan elegance in North Scottsdale! Absolute luxury in this truly one of a kind Custom Entertainers Dream! Two gated entrances, guest casita, & indoor/outdoor living in this special home. Gourmet kitchen w/granite counters, commercial grade appliances, plenty of cabinets & walk-in pantry! Designer touches T/O are impeccable works of art & must be seen to be believed. Fireplaces throughout the home for those gorgeous winter nights, multiple outdoor living spaces, & custom built Coral Craft Stalls, tackroon, turnouts & 60 ft round pen! 6 waterfalls in your outdoor oasis including; Beach entry Diving Pool, Spa & Heated Exercise pool! Very private & secluded feeling & yet only minutes to world class dining, shopping, and art galleries. Stunning Mountain Views!

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