– Maggie Rose, Realtor, Presents South West Florida Luxury Homes In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.
The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item.
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– Maggie Rose, Realtor, Presents South West Florida Luxury Homes – Maggie Rose, Realtor, Presents South West Florida Luxury Homes In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%).