In its latest edition of the Realtors Confidence Index, the National Association of REALTORS® (NAR®) sheds light on the relationship between supply and demand in the national real estate market. Bottom line: until the supply of homes meets buyer demand, prices will continue to rise.
NAR demonstrated the principle with a simple graphic that compares seller traffic (supply) to buyer traffic (demand). The survey shows that in three states, buyer demand is very strong (higher prices) dark blue. Only two states show very weak demand (lower prices) light gray. Overall, buyer demand is slightly lower compared to last year, but remains strong nationwide.
