Remove Days on market Remove Mortgages Remove New Construction Remove Rent back
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). Factors that lead to a seller’s market.

Marketing 109
article thumbnail

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

HomeLight

For example, in Lexington, Kentucky, zoning regulations prevent new building starts with an established boundary line that limits new construction. Buyer demand may be influenced by: Low mortgage interest rates :Homebuyers benefit from a slight boost in spending power when interest rates drop.