Licensed in Florida and Georgia
Register Login (850) 893-2525
  • Email
  • Facebook
  • Instagram
  • Twitter
  • Home
  • Search
    • Search
    • Featured Listings
    • Open Houses
    • Map Search
  • Neighborhoods
  • Buyers
  • Sellers
  • Blog
  • Our Team
    • Agents
    • Our Open Houses
  • About
    • About Us
    • Relocating
    • Testimonials
  • Contact
Home > House Prices: Simply a Matter of Supply & Demand

House Prices: Simply a Matter of Supply & Demand

April 5, 2018 by Admin Leave a Comment

Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as:

“the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”

When demand exceeds supply, prices go up. This is currently happening in the residential real estate market.

Here are the numbers for supply and demand as compared to last year for the last three months (March numbers are not yet available):

In each of the last three months, demand (buyer traffic) has increased as compared to last year while supply (number of available listings) has decreased. If this situation persists, home values will continue to increase.

Bottom Line

The reason home prices are still rising is because there are many purchasers looking to buy, but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.

Filed Under: Real Estate News Tagged With: house prices, housing market, real estate, spring selling, tallahassee homes, tallahassee real estate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New ListingNotifications

  • Email Alerts for New Homes
  • Save Your Favorites
  • Price Change Notifications
  • Plus More...
Sign Up

What's YourHome Worth?

Find Out

Categories

  • Community Events
  • Cyber Crime
  • Homeowning
  • Market Reports
  • Mortgage Reports
  • Preparing Your Home
  • Real Estate News
  • The Buying and Selling Process
  • Uncategorized

Client Testimonials

"Miriam Nicklaus  Best Real Estate agent in Tallahassee! I’ve been working with Miriam for around three and a half years now. She’s... continued"
- Steve Saccio
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Email
  • Facebook
  • Instagram
  • Twitter

Mark Trafton IV Broker/Owner

Mark has been a member of the Armor Realty family since September 2006. The company’s founder, Paul Armor brought Mark on board to be the Managing Broker and on January 1, 2010, Mark bought the company and became Broker/Owner.  He was licensed in 2002 and has subsequently earned the National Association of Realtors’ CRB designation (Certified Real Estate Brokerage Manager), CRS designation (Certified Residential Specialist), GRI designation (Graduate Real Estate Institute) and the SFR (Short Sale Foreclosure Resource) Certification. Mark has served the Tallahassee Board of Realtors in numerous capacities including Treasurer (2017 – 2018), Secretary (2009); Governmental Affairs Chairman (2005-2007); and Director 2007, 2008, 2010, and 2011.

Armor Realty of Tallahassee, Inc

1519 Killearn Center Boulevard
Tallahassee, Florida 32309

(850) 893-2525
(850) 668-7590 Fax
Contact Us

 

sitemap   •   admin   •   ©2022 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com