Supply and Demand in Real Estate #realestate #homepricing

In real estate, supply and demand play a crucial role in determining property prices. When demand for homes exceeds supply, prices rise. Conversely, when there's a surplus of homes, prices tend to fall.

Factors like interest rates, economic conditions, and population growth influence this dynamic. For buyers and sellers, keeping an eye on these trends can help make smart choices.

#RealEstate #SupplyAndDemand #HousingMarket