Buyer Demand Still Outpacing the Supply of Homes for Sale- by San Ramon Realtor Jason Kerner

Buyer Demand Still Outpacing the Supply of Homes for Sale

Buyer Demand Still Outpacing the Supply of Homes for Sale | MyKCM

The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

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

Buyer Demand Still Outpacing the Supply of Homes for Sale | MyKCM

The darker the blue, the stronger the demand for homes in that area. Only four states had a ‘stable’ demand level.

Seller Supply

The index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, 25 states reported ‘weak’ seller traffic, 21 states reported ‘stable’ seller traffic, 3 states and Washington D.C. reported ‘strong’ seller traffic, and only 1 state reported ‘very strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Buyer Demand Still Outpacing the Supply of Homes for Sale | MyKCM

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!  Call me at 925-400-7007.  Make it a great day!

San Ramon Listed 2017 Safest City

San Ramon California Listed as 2017 Safest City

by San Ramon Realtor Jason Kerner

50 Safest Cities in California

FBI crime reports from 2015 show San Ramon as California’s top 25 safest cities in the State.  A recent report released by SafeWise may be viewed at https://www.safewise.com/blog/safest-cities-california/.  As a resident of the Windemere San Ramon community, it is comforting to know that my children and family live in the safest part of the country.  Students walking to and from school with parents and friends are a regular sight in our community.  Parks are booming with families and friends.  Hiking trails take us on adventures throughout the Dougherty Hills.  Biking paths are well maintained and wind up Mount Diablo.  Life is great and stress free in San Ramon.

1821 Percy Ln San Ramon CA-large-001-2-percy2-1500x1000-72dpi

The Patch of San Ramon proudly presents the report at http://bit.ly/2tzqDQm.  In summary, San Ramon has a very low property crime rates.  Burglaries were on the decrease.  Violent crimes per 1,000 were 0.35.  Property crimes per 1,000 were 11.76.  These statistics, combined with other data, put San Ramon in the 22 ranking out of 25 spots.  Congratulations San Ramon!

Jason Kerner Realtor 1715 Wycliffe Ln San Ramon CA

Feeling safe and having peace of mind in your home is something that all of us strive for.   If you are looking to purchase a home in San Ramon, one of California’s top 25 safest Cities, give me a call.  As a San Ramon Realtor and Broker for 14 years, it would be my pleasure to help find you a home in the area.  Give me a call at 925-400-7007 or go to http://www.KernerHomes.com for more information.