IT’S A SELLER’S MARKET!
IT’S A BUYER’S MARKET!
IT’S A BUYER’S & SELLER’S MARKET!
I mean, seriously. What does all the jargon even mean? What exactly IS a “buyer’s market” or a “seller’s market,” and how does anyone know which one we’re in?
Wonder no more, good friends. The next time you hear the oft thrown-around term, here’s what to call to mind:
A BUYER’S MARKET
• Lots of for sale signs around town and homes on the MLS
• Homes selling below listing price with several price cuts along the way
• Rising inventory levels and increase in days on market
• Population and job growth trending downward
• Sellers offering to pay points or closing costs or give allowances for new flooring or appliances
• Sellers regularly taking their home off-market for a few weeks, then relisting it, in an effort to make it appear “fresh”
A SELLER’S MARKET
• Fewer for sale signs around town and homes on the MLS
• More FSBOs because some think they don’t need an agent to sell
• Homes selling through word-of-mouth before they are even listed
• Low inventory levels and shorter days on market
• Job growth above average
There are pros and cons to each type of market. I’ve been in this business long enough to experience many different market conditions. Whether you need to buy or sell, I can help you with a strategy! Send me a message and let’s chat about your real estate goals. Don’t put it off any longer—I can’t wait to connect with you.