Which of the following best defines "demand" in real estate?

Demand in real estate is best defined as the desire and ability to purchase or rent goods and services. This definition captures the essential components of demand, which consist of both the interest in acquiring property and the financial capacity to do so. In real estate, it’s not sufficient for potential buyers or renters to simply want a property; they must also have the means—such as income, creditworthiness, and financing options—to complete the transaction.

This concept encompasses various factors that influence consumer behavior in the real estate market, including economic conditions, interest rates, and availability of financing. When demand increases, it typically leads to higher property prices and fewer available listings, as more individuals are competing to secure properties.

Other options do not encompass the full scope of what demand represents. For instance, maintaining property focuses on ownership responsibilities rather than purchasing intentions, while willingness to sell properties relates more to supply than demand. The quantity of properties available refers to supply conditions in the market and does not reflect the desires or capabilities of potential buyers or renters. Thus, the correct answer clearly aligns with the fundamental economic principles governing real estate transactions.