Buyer Demand

In the context of real estate, ‘buyer demand’ refers to the level of interest and desire among potential buyers for a property.

What is buyer demand? 

In the context of real estate, ‘buyer demand’ refers to the level of interest and desire among potential buyers for a property. A higher buyer demand indicates a greater level of competition and typically higher prices and vice versa. 

What influences buyer demand? 

Some factors that can affect buyer demand include: 

  • Interest rates: interest rates on mortgages can significantly impact buyer demand. Lower interest rates often make homeownership more affordable, stimulating demand.
  • Population growth: areas experiencing population growth may see increased demand for housing. Additionally, changing demographics and lifestyle preferences influence the types of properties in demand.
  • Location and neighbourhood: the attractiveness of a location, including factors like safety, amenities, and proximity to schools or employment centres, can impact buyer demand.

How do I gauge the current buyer demand in today’s market? 

To grasp a general idea of buyer demand in your local market, it might be worth looking at indicators such as: The number of homes sold within a given period Average days on market The ratio of active listings to sold properties Getting insights from real estate professionals

What's your property worth in today's market?

Compare your property to recent sales in the area to get a current market estimate.

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