Account: Login or Signup

706-970-7120 info@bestmountaindeals.com

House Prices: Simply a Matter of Supply & Demand

Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of 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. This is currently happening in the residential real estate market.

Here are the numbers for supply and demand as compared to last year for the last three months (March numbers are not yet available):

House Prices: Simply a Matter of Supply & Demand | MyKCM

In each of the last three months, demand (buyer traffic) has increased as compared to last year while supply (number of available listings) has decreased. If this situation persists, home values will continue to increase.

Bottom Line

The reason home prices are still rising is because 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.

Get the info that you want - right now!

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!

If you are one of the many Americans who is unsure of how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2018!

Read More

You Can Save for a Down Payment Faster Than You Think!

Whether you have just started to save for a down payment, or have been saving for years, you may be closer to your dream home than you think! Let’s meet up so I can help you evaluate your ability to buy today.

Read More

About Area

Come kickback, relax, and enjoy the Blue Ridge Mountains! Whether you are looking to get back to nature on the Appalachian Trail or Lake Nottely, take in one of our many festivals, or visit some of the local artisan shops you will find it in Blairsville, GA.

Featured Properties

1748 HARRIS RIDGE ROAD,
Young Harris

  • 3 Bathrooms
  • 3 Bedrooms
  • $ 970000

3 BEACON WAY,
Young Harris

  • 3 Bathrooms
  • 3 Bedrooms
  • $ 315000

4000 NOTTING HILL,
Young Harris

  • 3 Bathrooms
  • 5 Bedrooms
  • $ 550000

Client Reviews

Subscribe to our Monthly Mountain Market Report

Subscribe to our Monthly Mountain Market Report . All fields with an * are required.