What Is The Difference Between A Seller's And A Buyer's Market?

IT’S A SELLER’S MARKET! ⁣
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IT’S A BUYER’S MARKET! ⁣
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IT’S A BUYER’S & SELLER’S MARKET! ⁣
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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? ⁣
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Wonder no more, good friends. The next time you hear the oft thrown-around term, here’s what to call to mind:⁣
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A BUYER’S MARKET⁣
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• Lots of for sale signs around town and homes on the MLS⁣
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• Homes selling below listing price with several price cuts along the way⁣
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• Rising inventory levels and increase in days on market⁣
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• Population and job growth trending downward⁣
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• Sellers offering to pay points or closing costs or give allowances for new flooring or appliances⁣
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• Sellers regularly taking their home off-market for a few weeks, then relisting it, in an effort to make it appear “fresh”⁣
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A SELLER’S MARKET⁣
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• Fewer for sale signs around town and homes on the MLS⁣
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• More FSBOs because some think they don’t need an agent to sell⁣
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• Homes selling through word-of-mouth before they are even listed⁣
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• Low inventory levels and shorter days on market⁣
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• Job growth above average ⁣
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But here’s the good news: whether you need to buy or sell, I can help! 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.