Unlock Hidden Secrets to Home Prices Nearby
The Impact of Supply and Demand
Real estate markets are subject to the basic economic principle of supply and demand. In areas where there is a high demand for housing but limited supply, prices tend to rise. Conversely, if there is an abundance of homes but fewer buyers, prices may decrease. Recent data shows that urban areas often experience higher demand due to job opportunities and lifestyle amenities, which can lead to increased home prices2.