How can you tell if you’re in a seller’s market? Here’s a quick explanation.
Looking to Buy a Home? Search All Homes
Selling Your Home? Get a Home Value Report
Here’s a question I’ve been hearing a lot lately: “What is a seller’s market?” I’m here today to answer that question.
A seller’s market occurs when there’s an abundance of buyers and a lack of listing inventory. This puts a lot of pressure on buyers to compete for each listing, which causes prices to increase and multiple offer situations to occur.
“A seller’s market puts a lot of pressure on buyers.”
You’ll see buyers make offers over list price and without contingencies. As the bidding war continues, prices will continue to go up.
If you have any questions about what the market looks like where you live, don’t hesitate to reach out and give us a call or send us an email. We would be glad to help.
HOME All Listings Featured Listings Sold Listings Sell My Home Home Evaluation About Us Contact Us BLOG TOP REALTORS®