A seller’s market, just like a buyer’s market, is about supply and demand.
Those of us in the industry look at absorption rates.
How many homes sold in the past month? How many homes are on the market now?
Do the math, more than six months of supply is a buyers’ market, five to six months is balanced, less than three months of supply, now that’s a sellers’ market.
Matt Cheney
Washington Fine Properties
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