What is Buyer’s Market vs. Seller’s Market?
A buyer’s market is when there are more homes for sale than buyers, giving buyers more negotiating power, while a seller’s market is the reverse — more buyers than homes, pushing prices up and deals faster. Months of inventory is the common gauge. The balance shapes pricing and strategy for both sides.
Example: With only a few weeks of inventory and multiple offers on most homes, the area is in a seller’s market, so buyers offer above asking to compete.