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What are Market Conditions?
 
  • The real estate market is always changing. It helps to understand how market conditions can affect your position as a buyer.
  • We can provide you with current real estate market conditions and explain their impact.
  • Buyer's Market

    The supply of homes exceeds the number of buyers (supply is greater than demand). In this market prices tend to drop and the homes stay on the market longer. Thus your home may take longer to sell and you will have less negotiating power in terms of the selling price. Fortunately you will be in the driver's seat when making an offer on your next home.

    Seller's Market

    The number of buyers exceeds the number of homes on the market (demand greater than supply). In this market prices are increasing and homes sell quickly. As a seller you will probably have more negotiating power and obtain a higher selling price for your property. Unfortunately you will be on the other side of the fence when purchasing your next home.

    Balanced Market

    The number of homes on the market is equal to the number of buyers (supply equals demand). In this market, prices are stable and homes sell within a reasonable period of time. It is a calm atmosphere with buyers having a satisfactory number of homes from which to choose.
    Informative Videos
    For Buyers
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    Royal LePage Your Community Realty, Brokerage
    8000 Yonge Street - Thornhill, Ontario, L4J1W3
    Phone 905-889-9330       Fax 905-889-5822

    Not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.      Privacy Policy

    The material provided in the pages of this website is for informational purposes only. Although the site owner and creators assume the information to be correct, and attempt to keep information in the pages of this website as current as possible, they do not warrant the accuracy or completeness of any information included in or linked to this page.
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