Sell My House In Attica MI | House Prices, Simply A Matter Of Supply & Demand
Most real estate brokers and agents don’t really have all the tools needed to provide 100% selling services to sellers in Attica MI that need to sell their homes.
Today, we would like to talk to you about House Prices, Simply a Matter of Supply & Demand.
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.
Source … KCM Donald Horne Blog
To show our commitment to our clients, we will utilize the latest technology, know-how and information allowing us to bring you the best and highest offer for your home. To connect with us directly, please call 810-338-0628.
Or via email: teamsuccesslisting@gmail.com
Donald Horne, Broker / Owner | Team Success Listing LLC
810-338-0628 | teamsuccesslisting@gmail.com
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