11/24/2024
In real estate, a sellerโs market is when there are more home buyers than available properties on the market. In this case, the demand exceeds the supply, putting sellers at an advantage.
A seller's market can be created when there is an increase of buyers in a certain area or a decrease in the number of homes for sale. Both situations could also occur simultaneously.
The following might signal a sellerโs market:
โ Properties sell quickly
โ Properties consistently sell above asking price
โ Bidding wars among interested home buyers
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