How to Tell the Difference Between a Buyer’s Market and a Seller’s Market What is a Seller’s Market?
A seller’s market is simply a property market that benefits you as a seller. In a seller’s market, there’s a scarcity of properties, which can drive up the price of homes, especially in desirable locations.
What is a Buyer’s Market? A buyer’s market is the opposite of the seller’s market. If you’re buying at this time you’ll be spoiled for choice as the supply of homes on the market exceeds the number of buyers, giving you the chance to score a fantastic deal.
For 2016 the amount of properties on the market in Carbondale is up 20.3% for Townhomes and down 10.5% for Single Family Homes. It’s a better time to buy a Townhome and if you are in the Single Family Home market, it’s a better time to sell. Prices for each have risen 14% over last year.
One important thing to remember about the property market is that it’s always in a state of change. Sometimes the market is favorable to buyers and sometimes it’s favorable to sellers. But don’t worry, a knowledgeable agent can guide you in the sale or purchase of your next home, no matter what type of market you’re facing. At Amoré Realty we have experienced team that can help you determine what to do.
For more information, contact as at Amoré Realty. We help people, that is our business.