What does a buyer’s market look like? We’ll explain today.
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What is a buyer’s market? A buyer’s market occurs when we have an abundance of listings and a lack of buyers. In a buyer’s market, there is pressure on prices to stagnate or decrease.
Why would home prices go down in a buyer’s market? Since there are so many homes for sale and not many buyers in the market, sellers are competing to get buyers to purchase their homes. As a result, buyers have the advantage in this market.
“Buyers have the advantage in this kind of market.”
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