
BUYER DEMAND
The map below was created after asking the question: “How would you rate buyer traffic in your area?”

The darker the blue, the stronger the demand for homes is in that area. The survey shows that in 34 of the 50 U.S. states, buyer demand is now ‘strong’ and 16 of the 50 states have a ‘stable’ demand.
SELLER SUPPLY
The index also asks: “How would you rate seller traffic in your area?”

As the map above indicates, 46 states and Washington, D.C. reported ‘weak’ seller traffic, 3 states reported ‘stable’ seller traffic, and 1 state reported ‘strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the needs of buyers looking for homes right now. With demand still stronger than supply, home values should not depreciate.
BOTTOM LINE
Looking at these maps, it seems that prices will remain stable throughout 2020.
Let’s connect to discuss how you can capitalize on the somewhat surprising demand in the market now.
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