Copy of Supply and Demand in the Real Estate Market

This diagram simulates the high-level dynamics of the real estate market, and other similar markets with fluctuating market prices.

Using the principle of supply and demand, the model shows how the average sale price of properties will change depending on the number of buyers and sellers, and on historical prices. It also uses random values to account for the inherent unpredictability of human agents in the system. This results in simulations with a diverse range of outcomes.