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Showing posts from July, 2017

Buyer Demand Continues Outpacing the Supply of Homes for Sale

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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?”

The darker the blue, the stronger the demand for homes in that area. Only three states had a ‘stable’ 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, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy t…

Fawn Island, Deer Harbor, Washington

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Fawn Island in beautiful Deer Harbor, Washington, is one of the most exclusive properties on the market. For a complete list of features and amenities please visit Fawnisland.net.
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Jack Otto eXp Realty 206-388-6102 Jack.otto@exprealty.com