What’s the Difference Between a Buyer’s Market and a Seller’s Market?

In a buyer’s market, there are more homes for sale than active buyers, giving buyers negotiating power and leading to longer listing times. In a seller’s market, demand exceeds supply, resulting in quicker sales and higher prices.

In my experience, understanding market conditions helps buyers and sellers strategize effectively. In a seller’s market, preparation and pricing precision are key; in a buyer’s market, patience and negotiation can yield great opportunities. Real estate cycles shift, but smart strategies win in any environment.