Understanding Market Condition


Market Conditions Explained

The real estate market is always changing. It helps to understand how market conditions can affect your position as a seller. Karen will explain the market conditions at the time you are considering selling your home, and can advise you as to the perfect marketing strategy to get your home sold for the most amount of money, in the least amount of time, and with the least amount of stress.

UNDERSTANDING MARKET CONDITIONS
Market Conditions Characteristics Implications
Buyer’s Market – the supply of homes on the market exceeds demand. High inventory of homes. Few buyers compared to availability. Homes on the market longer. Prices tend to drop. More time to look for a home. More negotiating leverage.
Seller’s Market - The number of buyers wanting homes exceeds the supply or number of homes on the market. Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase. May have to pay more. Make decisions quickly. Conditional offers may be rejected.
Balanced Market - The number of homes on the market is equal to the demand or number of buyers. Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices generally stable. More relaxed atmosphere. Reasonable number of homes to choose from.

Contact Information

Prudential California Realty
Karen Hickman
1299 Prospect Street
La Jolla CA 92037
858-459-4300
Fax: 858-459-4308
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Business: 858-551-7205    Fax: 858-459-4601   Email: Khickman@prusd.com        DRE#01015206

Office: 1299 Prospect Street, La Jolla, CA 92037