Buyer traffic far outweighing seller traffic in April
Jun 4 2013 3:17PM
With inventory in the housing market remaining constrained, many prospective home buyers have been forced to stay on the sidelines.
This could be having an impact on the Los Angeles real estate market, as home sales may be lagging.
Buyer demand continued to be strong in April, as the Buyer Traffic Index hit an all time high of 72, according to the National Association of Realtors. Meanwhile, the Seller Traffic Index was unchanged at 41.
Even though buyer demand continues to be high, home sales haven't surged due to the limited number of homes available for sale. However, relief could be on the way, as existing inventory jumped in April.