march 2024 vs. march 2025
A Seller's Market I've found to be 1-6 months inventory of homes for sale in the market place. A Buyer's Market begins when the average marketing time is in excess of 6 months and available inventory is higher than demand.
Some Brokers believe this is too long and the average number of days on market is 90 to 120 for a Buyers Market.
What does Seller's Market mean? It means sellers have less competition. Which can lend to higher prices and leave sellers less willing to negotiate. In a Buyer's Market with there is excess inventory the reverse is typically true.
