How To Tell The Difference Between A Seller’s Market And A Buyer’s Market [Video]

When it comes to buying or selling a home, knowing whether you’re in a buyer’s market or a seller’s market can make a big difference. It’s like understanding the weather before planning a picnic; it helps you prepare and make the best decisions.

“In a balanced market, homes sell at their market value in 60 days on average.”

National Association of Realtors

So, let’s dive into what makes these markets tick and how you can spot the signs.

Quick Summary

• Definition of Buyer’s Market: More than three months of housing inventory. And less than 25% of new listings going pending in the first 30 days of hitting the market.
• Definition of Seller’s Market: Less than three months of housing inventory. And more than 35% of new listings going pending in the first 30 days of hitting the market.
• Key Indicators to Watch: Inventory levels, population growth, job growth rate, access to capital, interest rates, and how quickly homes sell.
• Neutral …