![How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC] | Simplifying The Market](https://statenislandrealestateupdate.com/wp-content/uploads/2017/04/EHS-Report-STM1.jpg)
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!
According to the National Association of Realtors’ (NAR) latest existing home sales report, sales are now at a seasonally adjusted annual rate of 5.48 million.
15,014 homes sell every day.
Anything under a 6-month supply is a Seller’s Market!
There has not been a 6-months inventory supply since August 2012!
February was marked the 60th consecutive month of year-over-year price appreciation as the median price rose to $228,400.
Buyer Demand continues to outpace Seller Supply!
