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

HomeLight

To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Seller’s market: The odds are in your favor. Federal Housing Financing Agency (FHFA).

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Should I Sell My Current House Before I Buy a New One?

HomeLight

It helps to know where the market is now and where it’s headed. In a buyer’s market. In a buyer’s market , inventory exceeds demand, typically resulting in homes spending more days on market , and thus, resulting in pressure on the seller to reduce the price or offer concessions to incentivize a buyer. The upsides.

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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. If you accept it, your sale can close in as few as 10 days, often concluding with a moving date of your choosing. Kris & Heather Shook.

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Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

How many sales did they close in the last few months? A quick glance at a few of their online profiles gives you a good idea of their market activity. Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. It’s a huge red flag.

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Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

How many sales did they close in the last few months? A quick glance at a few of their online profiles gives you a good idea of their market activity. Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. It’s a huge red flag.

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

HomeLight

Lack of supply is a significant factor that contributes to a seller’s market. Let’s take a look at some factors that may contribute to an inventory shortage: An insufficient supply of new builds to close the gap: When builders aren’t keeping up with buyer demand, the result intensifies a housing imbalance.