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.
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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