Homes in HRM
Your home for Real Estate Services within
the Halifax Regional Municipality!
Sheila Banser
Phone: 902.830.8757
Fax: 902.455.6738
E-mail: sheilabanser@royallepage.ca
Seller's Info
Market Conditions
Understanding
Market Conditions
The
real estate market is always changing, and it helps to understand how
market conditions can affect your position as a seller. Your agent can
provide you with info on current conditions and explain their impact on
you.
Buyers' market
The supply of homes on the market exceeds demand.
Characteristics
High inventory of homes
Few buyers compared to availability
Homes on the market longer
Prices tend to drop
Implications
More time to look for a home
More negotiating leverage for buyers
Sellers' market
The number of buyers wanting homes exceeds the supply of homes on the
market.
Characteristics
Smaller inventory of homes
Many buyers
Homes sell quickly
Prices usually increase
Implications
Buyers may have to pay more
Buyers must make decisions quickly
Conditional offers may be rejected
Balanced
market
The number of homes on the market is equal to the number of buyers.
Characteristics
Sellers accept reasonable offers
Homes sell within an acceptable time period
Prices generally stable
Implications
More relaxed atmosphere
Reasonable number of homes to choose from
Market
conditions can be all important to your strategy!
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