Supply vs. Demand in Real Estate
Supply Vs. Demand How it affects your homes value...
With the spring market in Conway fast approaching us. Once again we are experiencing another real estate shortage. With the number of First Time Home Buyers coming into the market increasing due to potential rising interest rates, we are experiencing another spring housing shortage. We have buyers contacting us daily ready to begin the search for a new home or their first home.
As you can see the demand for housing continues to increase year over year. We are not just talking the demand for starter homes for first time home buyers, we are experiencing the shortage across the board. Starter homes to $300k+ homes. We have several clients we are actively searching for a new home right now, that we are not finding anything that is listed for sale. We are needing Updated, Move In Ready homes for over 7 clients currently.