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Market Conditions Explained
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Understanding Market Conditions
The real estate market is always changing. It helps to understand how market conditions can effect your position as a seller.
David & Joyce can provide you with current real estate market conditions and explain their impact.
| Market Conditions | Characteristics | Implications | 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 in this type of market |
Your home may take longer to sell. Less negotiating leverage in terms of selling price. | 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 more negotiating leverage and obtain a higher selling price for your property. | Balanced Market:
The number of homes on the market is equal to the demand or number of buyers. |
Demand equals supply. Homes sell within an acceptable time period. Prices generally stable. |
More relaxed atmosphere. Buyers have a reasonable number of homes to choose from. |
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DAVID & JOYCE ARMSTRONG SELL HOMES FAST - FIND OUT HOW - CALL US TODAY!
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