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.
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.|
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.|
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.|