article thumbnail

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

HomeLight

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). Increased buyer demand.

Marketing 108
article thumbnail

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

HomeLight

It could land you in temporary housing if you haven’t found a house to buy. It helps to know where the market is now and where it’s headed. In a buyer’s market. In such a market, it’s advisable to list your home first because it probably won’t sell right away. Transition via rent back. How to make it work.

article thumbnail

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

HomeLight

With these restrictions, builders prefer to build large luxury homes or residential complexes instead of more affordable multi-family housing that could accommodate more people on the same plot of land. And in extreme cases, communities bent on preserving open land struggle with balancing conservation and demand for housing.