What is a Buyer's Market?   It is considered a market where there are more sellers than buyers. 

How does one know if there are more buyers than sellers?  REALTORS look at a couple of different pieces if data.  The number of homes on the market; how many homes are selling and the average days a home sits on the market.

A "Balanced Market" is considered to be when there is about a 6-month supply of homes on the market.  If there are less homes it is considered a Sellers Market - more than a 6-month supply and we have a Buyer's market.

This data is based on the number of homes (condos + single family) compared to the (3-month) average of homes selling in a 1 - month period.

As we can see - DC is not really a Buyer's Market.  Arlington County is a balanced market; whereas Montgomery and Prince Georges Counties are strong Buyer's Markets.

Days on the market (also a 3-month average); is also lowest in DC and highest in Prince Georges County. 

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