What is a sellers market | Simon Says
A Sellers Market is one that favors Sellers over Buyers. A Sellers Market is generally caused by a supply and demand issue, where demand exceeds supply. During a Seller’s Market, buyers generally have less room to negotiate price because of buyer demand, assuming the home is priced at fair market value.
The best way to determine a buyers or sellers market is to look at available homes for sale. If inventory is low, it is likely a sellers market whereas if inventory is high and homes are sitting longer on the market, then it’s likely a buyers market.
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