What is a Seller’s Market?

You hear this all of the time, but what does it mean?

Hello, it’s a beautiful day to talk about real estate.

One question we get asked a lot is, “What is a seller’s
Market?”. Right now it’s a seller’s market. I’m sure you’ve
heard that, and a lot of people ask, “What does that mean?
Why are people saying this?”

What a seller’s market is, it means that sellers are getting
a really good price right now. The inventory is limited, so there
are not a lot of houses or condos or even rentals, not a
lot of property out there right now for buyers to buy.

Because there’s not a lot of property to buy, and there are a
lot of buyers are looking at this time, more buyers are
looking at these one or two properties and the value
goes up because it’s a limited supply.

It creates supply and demand, the supply is limited,
and the demand is high. It raises the prices and that’s
why sellers can get a really good price on the market
right now.

So if you own property and you’ve been thinking about
selling, now is a great time.

That’s what a seller’s market is. If you have any questions
feel free to give us a call. We always love to talk about
real estate, and we hope to hear from you soon.
Make it a beautiful day.

Take care,

Karen McLinden

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