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Is it a Seller’s Market or a Buyer’s Market?

That depends on price range and location. When there is less than a 6 month supply of listings for sale, it is generally considered to be a market that favors the seller. A supply larger than 6 months gives the buyer more leverage in a negotiation. The chart shows the current market conditions as of May 31.
Ann Arbor Markets
Getting the best advice can be the difference between winning or losing in tight market conditions. Contact a Reinhart Realtor today.
Chart Source: Broker Metrics

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