How Does the Supply of Homes for Sale Impact Buyer Demand?

Even as peak season fades, low inventory continues to drive buyer demand in Oregon. SELLERS have less competition, so price it right while demand is higher. BUYERS be prepared to MOVE on well-priced properties with a strong offer strategy.

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand).  Learn more…

Are Home Prices Softening or Are They Falling?

Market prices are beginning to balance, not FALL. We’ve gotten used to the pace of price increases and now they’re showing signs of slowing down. Listing prices will have to follow suit to be in line with the current market.

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.

Many of these headline writers will confuse “softening home prices” with “falling home prices,” but there is a major difference between the two.  Learn more…

Are Homebuyers Starting to Hit the ‘Pause’ Button?

For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be Learn more…