What a Sellers Market Means

 

 

There are two types of real estate markets. A seller’s market and a buyers market.

 

When the real estate market is a buyers market it means

Inventory is High Fewer People Looking to Purchase Prices Drop Sellers are willing to negotiate  

When the real estate market is a seller’s market it means

Inventory is Low More people looking to Purchase Prices Increase Bidding Wars  

If you are looking to sell this is the time. Sellers are willing to help pay for closing costs.

Buyers should act fast and be prepared to offer final and best and have a pre-approval letter.