Buyers Market vs Sellers Market
The property market is determined by supply and demand of real estate, which then dictates whether it is currently a Buyers or a Sellers market.
In a Sellers market there is more demand than supply meaning there are more Buyers than there are houses for sale.
In a Buyers market there is more supply than demand meaning there are more homes for sale than there are actual Buyers.
Homes placed on the market during this time often stay on the market longer than average and their prices will likely remain the same or decrease.
A Buyers market does not mean your house won’t sell though.
By making sure that your home is priced appropriately and is show-ready, you will increase your chances of a sale within a reasonable amount of time.
In a Sellers market there is more demand than supply meaning there are more Buyers than there are houses for sale.
Homes placed on the market during this time will often be sold more quickly than average and possibly for a higher selling price.
