|
Buyer's Market
The supply of homes on the market exceeds demand.
|
High inventory of homes. Few buyers compare 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 numebr of buyer's wanting homes exceeds the supply or number of homes on the market.
|
Smaller inventory of homes. Many buyer's. 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 buyer's.
|
Demand equals supply. Seller's accept reasonable offers. Homes sell within acceptable time periods. Prices generally stable.
|
More relaxed atmosphere. Reasonable number of homes to choose from.
|
