We are excited to announce our *NEW* video series!
McGraw Group Minute is our weekly series where we answer frequently asked real estate questions in one minute or less! ⏲
Today’s question: What is a Seller’s Market?
Check out the video below as we breakdown the basics of a seller’s market.
Video Summary
Hi, it’s Torrey and Keela from McGraw Group and in today’s McGraw Group Minute we answer the question, “What is a seller’s market?”
A seller’s market is when housing inventory is low or demand exceeds supply. Yes in a seller’s market there’s usually lots of buyers but not a lot of homes for those buyers to be able to buy.
In a seller’s market the sellers really do have the upper hand. They usually are able to ask more for their home and there’s usually multiple offers on their homes.
In a seller’s market the months of inventory is usually between zero to four months.
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