| Real Estate 101 - Real Estate Market Conditions |
|
| What is a Buyer's Market? | |
|
Buyer's market is a real estate market where there are more properties for sale than the number of buyers, and therefore buyers have an advantage over sellers. In simple terms, the supply of homes is more than the demand. | |
| What are the typical signs of a Buyer's Market? | |
|
In a buyer's market, typically the property prices continue to drop down; properties remain on the market for sale for a long time; sellers continue to drop asking prices and many properties are taken off the market after attempting to sell them for several months. Overall, a buyer's market is considered to be a "slow" market. | |
| What is a Seller's Market? | |
|
A seller's market is a real estate market where there is less number of properties for sale than the number of buyers, and therefore sellers have an advantage over buyers. In simple terms, the demand for homes is more than the supply. | |
| What are the typical signs of a Seller's Market? | |
|
In a seller's market, typically the property prices continue to rise up; properties sell quickly; multiple offers from various buyers are received and many homes sell for a price higher than the asking price. Overall, a seller's market is considered to be a "hot" market. | |
| Copyright © 2009 TrSoft - planetRE. All Rights Reserved. planetRE is a trademark of TrSoft. |