real estate market: What Kind of Market is it?
- 02/26/14 12:48 AM
Is it a seller’s market? A buyer’s market? Depends on the day and which media outlet you happen to be listening to. One thing is sure the market is changing. Here are some ways to know what kind of market it is: These are the signs of a buyer’s market High inventory or more than six months of inventory currently on the market. Sale prices are higher than active listing prices. Lower closed sale numbers. Declining median sales prices. Higher DOM or days on the market. Here are some signs of a seller’s market Low inventory or less than six months of inventory currently on the market. Sale … (0 comments)
Is it a seller’s market? A buyer’s market? Depends on the day and which media outlet you happen to be listening to. One thing is sure the market is changing. Here are some ways to know what kind of market it is:
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