Tag Archives: Buying
In a buyer’s market, home prices tend to fall as sellers compete for offers from the buyers. Sellers offer more incentives to buyers, and buyers have far more choice in their purchase. Homes sell more slowly in a buyer’s market.
Like a rollercoaster, the numbers of homes that are sold in the country, or in any local market, go up and down from year to year. There are three types of home markets: a seller’s market, a buyer’s market, and a normalized market. Recognizing which market you’re in can help you to maximize your sales price.