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 photos, staging, and curb appeal) becomes even more important.

 What Is a Seller’s Market?

A seller’s market is the opposite — there are more buyers than available homes. This creates higher demand and often leads to:

  • Multiple offer situations.

  • Homes selling quickly.

  • Prices being driven up.

In this environment, sellers often have the advantage. Homes can sell fast — sometimes above asking price — and buyers may have to act quickly and make strong offers.

Great for sellers: You may be able to sell your home faster and for more money.

Tougher for buyers: Be prepared to make decisions quickly and present your best offer upfront — there’s less room for negotiation.

🏡 So… Which Market Are We In?

Real estate markets are local and can shift with the seasons, interest rates, inventory levels, and buyer demand. What’s true in one neighborhood might not be true just a few miles away.

That’s where we come in.

We keep a close eye on market trends to help my clients make smart, confident decisions — whether you're buying, selling, or just watching the market for now.

📲 Thinking of Making a Move?

Let’s chat! Whether you’re wondering if now is the right time to buy, sell, or simply want to understand your local market, we're here to help. No pressure, just real answers.

D'Ann and Melissa


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