Demand for Properties Continued to Expand Faster than Supply in March 2013 | Cross River Real Estate

Strong buyer demand for residential homes continued to outpace supply in March. The Buyer Traffic Index rose to 69 while the Seller Traffic Index inched up to 41. This based on information in the March REALTORS® Confidence Index (RCI) Survey.

In many areas of the country REALTORS® reported low inventory levels of homes for sale. Tight inventory conditions have been cited as leading to higher prices and reduced time on market.

What Does This Mean for REALTORS®?
If a potential buyer asks why sales are down in some areas, one can note that a major reason for sales declines recently has been the hot sales market—a lack of inventory relative to the number of people who want to buy.

http://economistsoutlook.blogs.realtor.org/2013/04/26

This post was last modified on May 6, 2013 11:41 am

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.