Demand

Definition: The quantity of a good or service buyers are willing and able to purchase at a particular price during a given period. Housing demand depends on purchasing power as well as desire.

Example

More qualified buyers compete for homes in a neighborhood while the number offered for sale stays unchanged.

Keep the distinction clear

Interest alone is not effective demand. Price, income, financing conditions, and available alternatives influence how much buyers can actually purchase.

Related terms

Supply · Buyer's Market · Seller's Market

Keep studying

FREC Course II Syllabus: What to Study for the Broker State Exam

References: California DRE: real estate glossary

Pronunciation (US): dih-MAND (capitals show stress)

Pronunciation reference: Merriam-Webster