Market Conditions
The real estate market is always changing. It helps to understand how market conditions can affect your position as a seller. I can provide you with current real estate market conditions and explain their impact on real estate sales and purchases.
MARKET CONDITIONS |
CHARACTERISTICS |
IMPLACATIONS |
| 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. | More time to look for a home. More negotiating leverage. |
| 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 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 buyers. |
Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices generally stable. | More relaxed atmosphere. Reasonable number of homes to choose from. |
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Unit 2A, 2495 Parkedale Avenue, Brockville, ON K6V3H2
P:
613-345-3664
| F: (613) 345-4253 | Toll free: 1-866-345-3664
kelly@homesinbrockville.com or paul@homesinbrockville.com | www.homesinbrockville.com