How Supply and Demand can impact your buying and selling goals? There are considerably more purchasers shopping for homes than sellers offering their properties in today's property market. This indicates that property prices will inevitably grow, based on the supply and demand idea. What is the reason behind this? When there are more people attempting to purchase something than there are those willing to sell it, prices rise. That is exactly what is happening in today's housing market. For today's buyers and sellers, knowing what's going on with the availability of houses for sale and the demand for housing is critical. Demand is high and supply is quite low across the country Buyer traffic outnumbers seller traffic today, according to the latest buyer and seller activity statistics from the National Association of Realtors (NAR), as seen in the maps below. On the left, there are significantly deeper blues (strong buying activity) and much lighter blues (poor-selling activity). To put it another way, the demand for homes is far more than what is available for purchase. You'll face increased competition as a buyer with fewer alternatives, so you'll need to be clever to succeed. Your real estate agent will assist you in gaining a better understanding of the local market. Connect with a reputable real estate agent in Lake Norman to have a better understanding of what's going on in your neighborhood and to reach your home buying and selling objectives this year.