.jpg)
Real Estate Success in a Balanced Real Estate Market (Buyers/Sellers/ & Agents)
Posted by Cary W Porter on
What is a “Balanced” Real Estate Market
Today we tackle the “balanced market“, which is considered to be an overall real estate market that does not favor the buyer or seller dramatically.
Statistically speaking there are 2 ways to describe a balanced market,
- It is a market where homes are taking an average of 90 – 180 days (3 to 6 months) to sell
- Or a market where 40% to 60% of new listings in any given month sell.
Both definitions boil down to how quickly the inventory (all the homes for sale) are getting sold.
Home Prices in a balanced market tend to increase slowly and steadily, sometimes appearing flat.
One important note: is that an overall balanced market is really composed of several various markets, like this image…
3466 Views, 0 Comments
Buying a home can be overwhelming if you don't have a clear idea of what you're looking for. Do you want to live in the city or out in the suburbs? Are you looking for a detached property or perhaps a condominium? How many bedrooms and bathrooms will you need? What about a garden, or essential amenities in the area? Once you've come up with a list of requirements, you can save time by saving your preferred search parameters.
Our cutting edge home search allows you access to thousands of MLS listed homes. You can customize your search to ensure you see only the homes you want, in a price range you can afford. No matter what you are looking for in a new home, our search tools allow you to define your own parameters, number of bedrooms or…
