Seller’s Continue to Drive the Market

Spring selling season is in full force. And as expected, it continues to be a seller’s market. What does this mean exactly? For starters, we first look at inventory and how many months it would take to push through what’s current without any new listings hitting the market. In short, if there are six months or less of inventory, then it’s a buyers market because supply is low but demand is high. If there are six months or more of inventory, then demand is low and supply is high. All of which means for buyers, expect a more aggressive negotiation and more competition. Want to know more? Have questions? Click or call to chat more.