Seller's Market
Definition of "Seller's Market"
A Seller’s Market is the opposite of a Buyer’s Market. It’s that moment when conditions of the Real Estate Market are more favorable to Home Sellers than to Home Buyers. A Seller’s Market usually occurs when there are few houses on the market available for sale and a lot of people looking to buy them. It is the dream to every home seller and Listing Agent because it allows them to raise the price of their offerings and be harder on the negotiation. After all, they have a winning hand.
But no Real Estate Market moment lasts forever. As soon as real estate developers notice that particular market has a bigger demand than supply, they will – if possible - start building new properties around it and pretty soon prices will start to rise. So, independently of a Buyer’s Market or a Seller’s Market, you should always be making a rational Market Analysis to understand what horse you should ride in.
Real Estate Secrets:
Determining if it’s a buyer’s market or a seller’s market depends on specificities of time, place and location of the sale, but there are some almost universal trends that determine The Best – and Worst – Times to Buy a Home. Take a look at our blog post to find out the right (and wrong) moment to buy and sell your house according to seasons.
You can also save some time and let an agent do all of that for you. Look for a trustworthy one at The OFFICIAL Real Estate Agent Directory®
Popular Real Estate Terms
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percentage of land that may be used productively to the total square footage of the land. For example, if total square footage is 40,000 but only 30,000 square feet may be built upon ...
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Determines the ability of soil to absorb and draw down water. A percolation test is essential to determine the location of a drainage field for waste disposal. ...
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Person or business that obtains mortgages for others by finding suitable lenders. The mortgage broker sometimes deals with collections and disbursements. Typically the mortgage broker ...
Rights, interest, and benefits inherent in the ownership of real estate, as distinguished from personal property ...
Measure of central tendency that is a measure of the center of the data; also called an average. Mean and standard deviation are the two most widely used statistical measures that summarize ...
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