Understanding Market Conditions
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The real estate market is always changing. Varying economic indicators dictate which stage your local market is experiencing. It helps to understand how market conditions can affect your position as a seller. What are these market conditions? Well, we're sure you've heard some common phrases tossed around. Has anyone taken the time to explain them? Not everyone is familiar with real estate jargon, and that's okay. We're here to help you understand E-V-E-R-Y-T-H-I-N-G! That's our job.
What is a Balanced Market?
The number of homes is equal to the demand or number of the buyers. Typically, this type of market shows that demand is equal to supply, homes sell within an acceptable time period and prices are generally stable. What does…
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