What Does a Buyer’s Market Look Like?

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.”

If you have any other real estate questions, please don’t hesitate to reach out to me. We would be happy to help you!