What Kind Of Real Estate Market Are We In?

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:

Buyer's Market:
The Supply of Homes on the
market exceeds demand
  • High inventory of homes
  • Few buyers compared to availability
  • Homes on the market longer
  • Prices tend to drop
  • More time to look for a home
  • More negotiating leverage
Seller's Market:
The number of buyers wanting
homes exceeds the supply or number of homes on the market
  • Smaller inventory of homes
  • Many buyers
  • Homes sell quickly
  • Prices usually increase
  • May have to pay more
  • Make decisions quickly
  • Conditional offers may be rejected
Balanced Market:
The number of homes on the
market is equal to the demand or number of buyers
  • Demand equals supply
  • Sellers accept reasonable offers
  • Homes sell within an acceptable time period
  • Prices generally stable
  • More relaxed atmosphere
  • Reasonable number of homes to choose from

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