Buyer Demand continues to outpace Seller Supply!

How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC] | Simplifying The MarketThe concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
According to the National Association of Realtors’ (NAR) latest existing home sales report, sales are now at a seasonally adjusted annual rate of 5.48 million.

15,014 homes sell every day.

Anything under a 6-month supply is a Seller’s Market!

There has not been a 6-months inventory supply since August 2012!

February was marked the 60th consecutive month of year-over-year price appreciation as the median price rose to $228,400.

Buyer Demand continues to outpace Seller Supply!

 

 

 

 

 

 

 

 

 

 

 

 

Source: How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC] | Real Estate with John Martelotti