March 5
Option #1:
This month I am going to share a common question I get asked on Fridayβs.
Frequently Asked Friday: What is a sellerβs market? π
Youβve probably heard the comment that we are in a sellerβs market. But what does that mean exactly? π
A sellerβs market is when there are many interested buyers, but the real estate inventory is low. There are fewer homes available and so sellers are at an advantage.
Option #2:
This month I am going to share a common question I get asked on Fridayβs.
Frequently Asked Friday: What is a sellerβs market? π
A sellerβs market occurs when the increasing demand for homes drives prices up.
Some driving factors of this includes:
π°Economic factors – influx of new residents, increase in home prices before more inventory can be built
π°Low interest rates – creates more buyer interest, especially for first time homebuyers as money (loans) cost less.
π°Low inventory – fewer homes on the market because of a lack of new construction. Prices for existing homes may go up because there are fewer units available.
What question would you like me to answer next?