Understanding Market Conditions

BUYERS' MARKET

The supply of homes on the market exceeds the demands or number of buyers.

Characteristics: High inventory of homes; few buyers compared to availability; homes will be on the market for a longer period of time; prices are usually falling.

SELLERS' MARKET

The number of buyers wanting homes exceeds the supply or number of homes on the market.

Characteristics: Minimal inventory of homes; many buyers in the marketplace; homes sell quickly; prices usually increase.

BALANCED MARKET

The number of homes on the market is equal to the demand or number of buyers.

Characteristics: Demand equals supply; sellers accept reasonable offers; houses sell within a reasonable amount of time; prices are generally stable.

Jodi Thompson

Jodi Thompson

Sales Representative
CENTURY 21 Dome Realty Inc.
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