Seller’s Markets, Buyer’s Markets, and Supply

Kate Nelson, September 6, 2023January 19, 2024

Supply: If 6 houses close in 1 month, and there are 12 houses available, then there is a 2 month supply.
Balanced Market: A 4-6 month supply gives Buyers and Sellers incentive to work together.
Buyer's Market: With more than a 6 month supply of homes on the market, Buyers have more choices and thus more negotiating power. Prices tend to decrease.
Seller's Market: With less than a 4 month supply of available properties, there are more Buyers searching than available homes. Sellers have more negotiating power and prices tend to increase. — Buyer’s Markets, Seller’s Markets, Balanced Markets, and Housing Supply

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