
Is It a Buyer’s Market or a Seller’s Market? Here’s What That Means for You If you’ve been thinking about buying or selling a home, you’ve probably heard the terms “buyer’s market” and “seller’s market” thrown around — but what do they really mean? And more importantly, how do they affect you as a buyer or seller? Let’s break it down: What Is a Buyer’s Market? A buyer’s market happens when there are more homes for sale than there are buyers . That means: Buyers have more choices. Homes may stay on the market longer. Sellers might have to compete on price, repairs, or incentives. In this type of market, buyers typically have the upper hand when it comes to negotiations — they can take their time, shop around, and potentially get a better deal. Good news for buyers: You may be able to negotiate a lower price, ask for closing cost assistance, or get other seller concessions. Heads-up for sellers: Pricing your home right and making it shine (think great p...