Is it a Buyer’s or Seller’s Market?

Buyer's-or-Seller's-Market

Highlights:

  • Whether the housing market is considered a Buyer’s or a Seller’s market is directly related to the available Inventory levels in a given area. The statistics in the above chart are national statistics.
  • A Seller’s Market is when the inventory is low and buyer demand is high.
  •  A Buyer’s Market is when inventory is high and buyer demand is low.
  • Local demand is high and inventory low in the starter & trade-up home markets, causing sales prices to rise.
  • Demand seems to be rising in the upper end/luxury market here in the Redding California area. In the first quarter we saw sales of 5 homes over $750,000 and in quarter two we already have 8 homes pending in that price range.

Statistics taken from the Shasta Association of REALTORS, deemed reliable but not verified.

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