I’m often asked, “How’s the market?” Many people asking that question refer to it in terms of a Buyer’s Market or a Seller’s Market. Most have an understanding of the difference but few realize there is an actual calculation in deciding what the type of market we're in.
A buyer’s market indicates that there is more supply than demand. In other words, there are a lot of houses on the market but few buyers. As in any market, the more plentiful a commodity is, the cheaper it becomes. Sellers finding themselves in a buyer’s market may end up taking less … (1 comments)
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