What is a sellers’ market?
When houses are in demand and more expensive.
A sellers’ market is a relative explanation for when the real estate market works in the sellers’ favor. This means selling houses for higher profits — potentially even more than they initially paid in the first place!
What is a buyers’ market?
When houses are available in abundance and less expensive.
A buyers’ market is a relative explanation for when the real estate market works in the buyers’ favor. This means buying houses for low prices — potentially offering the opportunity to make a profit when selling the property in the future.
Across the country, real estate available on the market has continued to dwindle. With inventory low, prices are consistently rising. What does this mean in the real estate world?
David Podrog explains that this means we are currently in a sellers’ market.
Some property owners presently have the ability to sell their real estate for even double the price they originally paid! With profit potential in an extremely positive place, David Podrog suggests you might want to consider listing your secondary or even primary property on the market. There’s no time like the present to sell your property in a sellers’ market!