“Lets Talk Real Estate! “Buyers vs Sellers Market” December 14th, 2022

Mid Realty officeJarlynn Hyde

“Buyers vs Sellers Market”

In real estate jargon, the terms “buyer’s market” and “sellers market” often arise.  What is the difference?  A buyer’s market occurs when supply exceeds demand.   In other words, real estate inventory is high, there are plenty of homes for sale, and there’s a shortage of interested buyers.  A buyer, then, has leverage over the seller.  In a buyer’s market, real estate prices decrease.  Therefore, homes are on the market longer, which forces sellers to compete against one another.  A seller’s market when demand exceeds supply competing with one another, coupled with a low inventory, gives sellers the advantage, creating a condition in which a potential buyers must spend more on a home than they would otherwise.  Timing is an important aspect of just about everything we do.  Time to buy, or time to sell?  Considering making an investment in your future, or contemplating taking advantage of the investment you made years ago when purchasing your first home?  When it’s time to make a real estate decision, it’s time to call us because a dedicated real estate agent can mean the difference between a house lingering on the market and one that sells quickly at a good price. “OUR SUCCESS HAS BEEN BUILT ONE SATISIFIED CUSTOMER AT A TIME.”

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