Understanding Market Conditions
The real estate market is always changing. It helps to understand how market
conditions can effect your position as a seller. Your Sutton Group Premier Realty
Real Estate Professional 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.
Return to Sellers Guide
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