Seller's Guide - Information makes the difference.
What Are market Conditions?
Buyer's Market
The supply of homes exceeds the number of buyers (supply is greater than
demand). In this market prices tend to drop and the homes stay on the
market longer. Thus your home may take longer to sell and you will have
less negotiating power in terms of the selling price. Fortunately you will
be in the driver's seat when making an offer on your next home.
Sellers's Market
The number of buyers exceeds the number of homes on the market (demand greater than supply). In this market prices are increasing and homes sell quickly. As a seller you will probably have more negotiating power and obtain a higher selling price for your property. Unfortunately you will be on the other side of the fence when purchasing your next home.
Balanced Market
The number of homes on the market is equal to the number of buyers
(supply equals demand). In this market, prices are stable and homes
sell within a reasonable period of time. It is a calm atmosphere with
buyers having a satisfactory number of homes from which to choose.
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John Mercer |
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johnmercer.realtor@gmail.com | |
Right At Home Realty Inc., Brokerage |
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895 Don Mills Road, Suite 202, Toronto, Ontario M3C 1W3 |
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Direct 416-219-8098 |
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Home 905-895-2496 |
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Office 416-391-3232 |
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