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Tuesday, 18 June 2019
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This Old House - Do-it-Yourself

How to Know if it's a Seller's Market or a Buyer's Market

Written by Posted On Friday, 03 May 2019 05:13

In real estate It's important to know if it's a Seller's Market or a Buyer's Market.

Over 5 million existing homes sold in 2018 alone. However, despite the success of one year, it may be difficult to determine when it's a seller's market or a buyer's market. As the market rises and falls, getting the right timing is a quintessential part of making a profit on your existing home or finding the home of your dreams a great price.

Whether you're looking to buy a new home or sell your current home at a profit, read on for more information on getting the perfect timing.

Knowing the Difference Between a Seller's Market or a Buyer's Market

Before diving into signs that will help you determine whether it's a buyer's market or a seller's market it's important to know the overall difference between the two.

At its most basic definition, a buyer's market simply means it's an ideal time to buy a home at a great price while a seller's market means you can sell your home for higher than usual.

There are a number of factors that play into which current market conditions and what type of market it will become. these factors typically include the overall economic stance of the country and the current demand for homes.

Signs That It's a Buyer's Market  

There are some quintessential signs that will help you determine whether or not it's a buyer's market. Some of these signs may include:

  • An inventory that's higher than usual
  • Over six months of inventory currently on the market  
  • A deduction and sales prices
  • An increase in the number of real estate ads as well as their sizes and  the addition of images and extra details
  • For sale signs sitting in front of homes for longer periods of time.  

Buyer's markets can occur throughout the country or within specific pockets. it's best to discuss the current market with a real estate group like the Yarbrough group to determine which areas are currently experiencing a buyer's market.

Signs It's a Seller's Market

Similar to when there's a buyer's market, you'll also find a number of signs pinpointing to whether or not it's a seller's market as well. Some of these signs may include:

  • Lower inventory than usual
  • Homes selling at a much faster rate  
  • Inventory that's been on the market less than 6 months
  • An increase in homes being sold  
  • Barely any information in real estate ads
  • More sold signs than for sale signs

If you notice these signs it's important to check that they're applying to your area as well, to determine if it's an ideal time to sell your home

The Information You Need for Successful Buying and Selling

Getting the timing right on determining a seller's market or a buyer's market could benefit you financially in ways that can last for decades. If you're looking for more information on buying or selling your home check out our blogs under the buyer's or seller's advice section for everything you need to know.

Listing Additional Info

  • State: Maine
  • Address: 3195 Chipmunk Lane
  • City: Kingfield
  • Zipcode: 04947
  • SOLD: no
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Janice rangel

Janice Rangel is author publication for property representative, insurance advisor, and agents real estate industry for around ten decades today. I expect folks will love to see about my views and adventures from the business and also please contact me personally should you would like to explore my content articles farther. 

https://parcelbuddies.co.uk
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