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Understanding Market Conditions

market changesThe real estate market is always changing.

It helps to understand how market conditions
can effect your position as a Seller.

Jacques Meloche will prepare for you a detailled Comparative Market Analysis (CMA) that will provide you all the facts neccessary for you to make an informed decision.

Market ConditionsCharacteristicsImplications

Buyer's Market:
The supply of homes on the market exceeds demand.

High inventory of homes.
Few buyers compared to availability.

Homes on the market longer.

Prices tend to drop in this type of market

Your home may take longer to sell.

Less negotiating leverage in terms of selling price.
Seller's Market:
The number of buyers wanting homes exceeds the supply or number of homes on the market.

Smaller inventory of homes.

Many buyers.

Homes sell quickly.

Prices usually increase.

May have more negotiating leverage and obtain a highs selling price for your property.
Balanced Market:
The number of homes on the market is equal to the demand or number of buyers.

Demand equals supply.

Homes sell within an acceptable time period.

Prices generally stable.

More relaxed atmosphise.

Buyers have a reasonable number of homes to choose from.