When selling anything, you always hope for strong demand for the item coupled with limited supply. In essence, when demand is high and supply is low, prices naturally rise. That’s exactly what’s happening in the housing market today. Why Sellers Are Winning Big Today Here’s a look at the current imbalance in supply and demand according to the National Association of Realtors (NAR):
Buyer Traffic
Seller Traffic
Stable
Very Strong
Strong
Weak
Very Weak
Source: NAR
Notice there's more dark blue on the left. This shows buyer traffic (demand) is strong or stable . In contrast, the lighter blues on the right indicate weak or very weak seller traffic (supply) . In a nutshell, the demand for homes is greater than what’s available to purchase.
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