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The real estate market is always changing. It can be overwhelming, intimidating and confusing. It helps to understand how market conditions can affect your position as a seller. Your RE/MAX Realtor can provide you with current real estate market conditions and explain their impact. | Market Conditions | Characteristics | Implications | 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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