What is a real estate market shift?

Just What Is A Market Shift?

There’s a lot of talk, media chatter, and press going around about the current real estate market. The best way to describe it is “the market is shifting.”
๐™…๐™ช๐™จ๐™ฉ ๐™ฌ๐™๐™–๐™ฉ ๐™ž๐™จ ๐™– ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ ๐™จ๐™๐™ž๐™›๐™ฉ?
When the supply of listed property is more than the demand itโ€™s a buyersโ€™ market. Sometimes this can cause prices to decline.
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A sellers’ market is when there is a higher demand for properties than the active available properties. This often results in bidding wars and higher sale prices.
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๐™Ž๐™ž๐™œ๐™ฃ๐™จ ๐™ค๐™› ๐™– ๐™Ž๐™๐™ž๐™›๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ
โ€ข A lot of Expiring Listings โ€“ an increase shows signs of a shift to a buyersโ€™ market.
โ€ข Change in the Number of Offers โ€“ a decrease shows signs of a shift to a buyersโ€™ market.
โ€ข Absorption Rate โ€“ when it takes more than 6 months for all the listed homes to sell itโ€™s a shift to a buyersโ€™ market.
โ€ข Days on Market โ€“ A longer selling period for listings often indicates a shift to a buyersโ€™ market.
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There’s a lot of talk and press about the current real estate market. The best way to describe it is “A Shift.” d to price realistically and buyers should see less competition when they submit an offer. Thinking about buying or selling? Let’s talk about marketing your home as the market shifts. Thinking of buying? Let’s start with a local lender…then begin your home search.