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Every now and then you hear on the television, or through passing, or even in daily conversation how the real estate market is always changing. The markets can change from city to city and state to state. You hear terms such as it’s a buyer’s market, or it is soon going to be a seller’s market, and it’s a hot market.
Everyone understands, simply by the description of the terms, that a buyer’s market means the market is best for buyer’s to be purchasing property. A seller’s market means the market is best for seller’s to be selling their property. And hot market, is often used by investors to describe a market where there is a lot of investment activity and excellent land prices. This ultimately means increased return on investment for commercial real estate investors.
So we know what these terms describe, but what about the true characteristics of a buyer’s and seller’s market? Does it differ from residential and commercial real estate? Let’s look at these descriptions and what they really mean and how you can assess the market yourself and not have to rely on what the general public is talking about that specific day.
Many definitions of Toto Site seller and buyer markets are very limiting. For example, a seller’s market: a market which has more buyers than sellers. Low prices result from the excess of supply over demand. A buyer’s market: a market which has more sellers than
