Every realtor gets asked the same question by clients: is it a buyers’ or a sellers’ market right now? A follow-up question usually comes shortly after: how can I tell if it changes?
The ebbing and flowing of the real estate market can get quite complicated to the untrained eye, but it is not impossible to figure out. You just need to know what to look for. Here are some of the telltale signs that the market is changing so you can keep that in mind as we head into the fall real estate market.
Shifts in Inventory Levels
Inventory levels fluctuate with the changes in the market. When inventory levels are high, it is usually an indication of a buyers’ market as there are more sellers in the real estate game than there are buyers at that time. Low…