Frequentaly Ansked Questions

      What’s the difference between a “Buyer’s Market” and a “Seller’s Market?

• Buyers’ Market
  A buyers' market refers to a marketplace that favors home buyers because more homes are listed than can be absorbed by the market and sell in the near future. If, for example, 20 homes are listed in a neighbourhood, and 5 were sold in the last month, the neighbourhood has a 4-month supply of homes for sale.
• Sellers’ Market
  Of course, the market can – and does – change based on general economic conditions such as rising or falling interest rates, or the local business climate such as a new company opening nearby. If, for example, all 20 homes listed plus 5 new listings sell within a few months, then the market has become a sellers' market, where buyer demand meets or exceeds the supply of houses for sale.

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