In real estate, how is supply defined?

Supply in real estate is defined as the amount of properties that are vacant or available for sale or rent. This encompasses all residential and commercial properties that are on the market, ready for prospective buyers or renters. Understanding supply is essential for analyzing the housing market, as it directly impacts pricing, availability, and market competition.

This definition allows real estate professionals, investors, and analysts to gauge the health of the market, identify trends in property availability, and make informed decisions based on the current options available to consumers. High supply may indicate a buyer's market, while low supply can suggest a seller's market, influencing strategies for buying, selling, and investing in real estate.

The other options do not accurately reflect the concept of supply in real estate, focusing instead on different aspects such as homeowner demographics, construction activities, or demand rather than the specific quantity of properties available in the market.