In a sellers market Prices rise in seller’s markets due to strong demand and inadequate supply.In a sellers market, sellers will often see multiple offers to buy their property which drives up the price. This means that buyers will have to spend more to get what they want. This is the ideal situation for sellers, because they get a great price on their homes. Here are 6 signs that you’re in a sellers market.
6 Signs You're in A Sellers Market
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Inventory is very low as compared to previous months / years.
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Less than six months of inventory is on the market.
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Comparable sale prices are lower than active listing prices.
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More buyers are purchasing, resulting in higher closed sale numbers.
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Median sales prices are increasing.
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Sales Prices meet or exceed list price.
