4 Strategies for Buyersīeing a home buyer in a seller’s market can be exciting, but also anxiety inducing. As a result, the median price for a pre-owned home recently hit an all-time high. Much of the United States is experiencing a seller’s market today because there’s a nationwide housing shortage. In a seller’s market, there are fewer homes for sale than buyers. What Is a Seller’s Market?Ī seller’s market exists when people who want to sell their homes have more negotiating power than prospective buyers. This knowledge will help you develop a strategy to get the best price, whether you’re buying or selling. Is it a seller’s market or a buyer’s market? While inventory and demand might not be top of mind when you first consider buying or selling a home, it’s important to understand what’s happening in your local housing market.
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