Your Local Prime Real EstateYour Local Prime Real Estate

Your Family Broker

203-984-8228
info@agprimerealty.com
  • Menu
  • Home
  • Buy
  • Sell
  • Our Cities
    • Stamford
    • Greenwich
    • Darien
    • New Canaan
    • Wilton
    • Westport
    • Norwalk
  • HUD Homes
    • How to Buy a HUD-Owned Home
    • HUD FAQs for Consumers and the General Public
    • HUD FAQs for Real Estate Agents
    • HUD Home Financing Codes
    • HUD Blog Postings
  • REO
  • About
  • Client Reviews
  • Contact
  • Blog

Supply & Demand Will Determine Future Home Values

Supply & Demand Will Determine Future Home Values | MyKCM

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as:

“The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”

When demand exceeds supply, prices go up. Every month this year, demand (buyer traffic) has increased as compared to last year and for the first five months of 2018, supply (the number of available listings) had decreased as compared to last year. However, a recent report by the National Association of Realtors (NAR) revealed the first year-over-year increase in supply in three years.

Here are the numbers for supply and demand as compared to last year since the beginning of 2018:

Supply & Demand Will Determine Future Home Values | MyKCM

The increase in the June numbers doesn’t mean that prices won’t continue to appreciate. In that same report, Lawrence Yun, NAR’s Chief Economist, explained:

“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels.

Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”

Bottom Line

The reason home prices are still rising is that there are many purchasers looking to buy but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.

Posted in: Blog

Post navigation

« Buying Is Now 26.3% Cheaper Than Renting in the US
Housing Market: Another Gigantic Difference Between 2008 and 2018 »
Search for:

Featured Homes

Resources

  • Blog
  • Buying Home
  • Financing
  • First Home Buyers
  • First Time Home Buyers
  • For Buyers
  • For Sellers
  • Housing Market Updates
  • HUD
  • Infographics
  • Interest Rates
  • Millennials
  • Move-Up Buyers
  • Pricing
  • Real Estate
  • Resources
  • Selling Home
  • Uncategorized

Search Tools

  • Basic Search
  • Address Search
  • Advanced Search
  • Home Valuation
  • Map Search
  • My Account
  • MLS Number
  • Contact

Our Neighborhood

Stamford

Westport

Wilton

Norwalk

Greenwich

Darien

New Canaan

REAL ESTATE IN FOCUS

Trust… Care… Expertise… = Real Results! - Whether you buy or sell we make it hassle free. - We love what we do. - We love people. - A different approach with exceptional results!

Our Neighborhood

  • Stamford
  • Greenwich
  • Darien
  • New Canaan
  • Wilton
  • Westport
  • Norwalk

Contact Us

AG Prime Realty
Stamford, CT 06903

203-984-8228
info@agprimerealty.com
© 2025 · AG Prime Realty LLC, Licensed Real Estate Broker, Stamford, CT 06903
Sage

hud-logo2

Log in