Your take on supply vs. demand
Most of you think buyers have the upper hand in this housing market. Just not tremendously so.
Just under two-thirds of you obliging folks who took the first-ever Wonk survey this week say the supply vs. demand situation is tipped in favor of buyers. Many think it's "somewhat" so. Less than a quarter of everyone surveyed opted for "heavily" in buyers' favor.
This doesn't mean the rest say sellers have it easy. Just 9 percent think the market is tipped in favor of sellers (and half of those folks say only "somewhat" so).
Fourteen percent believe the market is basically balanced between buyers and sellers.
And another 14 percent aren't sure.
In case you're wondering, 44 people took the survey. Thanks, guys!
And because it's a survey rather than a poll, we don't have to guess how homeowners and renters weighed in, or wonder whether the people who say it's a sellers market are sellers or buyers. This is the breakdown:
All the people who say the market is balanced in favor of sellers describe themselves as renters or people "in the market to buy." They're paying attention to Baltimore City, Baltimore County, Howard County and other spots out of state.
Only 20 percent of the folks who think the market is "heavily" tipped in favor of buyers are self-described homeowners. Everyone else is either watching the market, thinking of buying in the next year or so, in the market to buy or waiting to settle on a purchase.
Most of the folks who believe the market is "somewhat" tipped in favor of buyers don't describe themselves as homeowners, either. Forty percent do.
But 80 percent of the people who think the market is basically balanced are homeowners.
There's no pattern I can see about the counties and price ranges you're watching, other than the fact that they're all over the board. Every Baltimore-area jurisdiction, and everything from the under-$100,000s to over $1 million.
What a diverse mix of folks! Very cool.
So what's your take on the balance of power between buyers and sellers?