Why Does Housing Availability Impact Real Estate Costs?

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Simple economics – supply versus demand.

When there are more homes available for sale, prices tend to be lower because buyers have more options to choose from, and can be selective.

On the other hand, when there are fewer homes available, prices will typically be higher because buyers compete over limited inventory.

Availability of housing can be affected by a number of factors including economic conditions, population growth, and construction activity, the availability of housing has a direct impact on real estate costs.

Our advice?
Keep an eye on market conditions, so you can act when the time is right for you.

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