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Understanding Market Conditions |
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 The 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 Conditions | Characteristics | Implications |
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
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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.
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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.
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More relaxed atmosphise.
Buyers have a reasonable number of homes to choose from. |
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