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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

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The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Factors that lead to a seller’s market.

Marketing 111
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Seller’s Market 101: Is Your Real Estate Market Hot or Not?

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For example, in Lexington, Kentucky, zoning regulations prevent new building starts with an established boundary line that limits new construction. More than half of those surveyed by Chase bank in 2019 plan to stay in their home, choosing to renovate rather than pack up. And some markets sell even faster.