How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC]
Some Highlights:
- The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
- Anything under a 6-month supply is a Seller’s Market!
- There has not been a 6-months inventory supply since August 2012!
- Buyer Demand continues to outpace Seller Supply!
What’s next in your life?
[button link=”https://johnricerealtor.com/move-buyers/” bg_color=”#562449″ border=”#562449″]Moving Up[/button]
[button link=”https://johnricerealtor.com/downsize-buyers/” bg_color=”#562449″ border=”#562449″]Downsizing[/button]
[button link=”https://johnricerealtor.com/list-with-john-west-michigan-realtor/” bg_color=”#562449″ border=”#562449″]Neither – simply have a property to sell[/button]
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Source: Michigan Real Estate Updates