The Real Estate market is always changing. It helps to understand how market conditions can affect your position as a Buyer.
We provide you with in-depth, current information on real estate market conditions and explain their impact.
Here is a simplified example of the basic conditions:
| MARKET CONDITIONS | CHARACTERISTICS | IMPLICATIONS |
|---|---|---|
| Buyer's Market: The Supply of Homes on the market exceeds demand |
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| Seller's Market: The number of buyers wanting homes exceeds the supply or number of homes on the market |
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| Balanced Market: The number of homes on the market is equal to the demand or number of buyers |
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