What is a Buyers vs Sellers Market?
These terms help someone determine whether the buyer or seller has the current advantage in the current real estate marketplace and are simply based on the supply and demand principle. So when there is a lot of homes and few buyers its considered a buyers market.
When there are few homes and many buyers it’s considered a sellers market. So in a buyers market, buyers can get better deals and more options, sellers negotiate more and properties sit on the market longer.
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