Buyer's or Seller's Market?

A Seller's Market

This would be when there are fewer homes than buyers. The buyers are ready and able to buy. Homes would sell for close to asking price and even over asking price.

A Buyer's Market

A buyer's market would be when there are many homes on the market and few buyers that are ready and able to buy. Homes during this market sell for below market value and are on the market longer.

Where is the Market Today?

Anyone that is trying to buy a home on the market right now could tell you that it is definitely a sellers's market. Homes are selling quickly and many buyers are finding that if they wait to put an offer in, the house is gone. Buyers are having a hard time finding a home since there are not enough homes on the market for the amount of buyers and the homes are going very quickly. If you are considering selling your home, now is the time. Homes are getting sold quickly for top prices, many times over asking price!