If you’re like many people who would like to buy or sell a home along 30A, you need to know whether we’re in a seller’s market or a buyer’s market.
Here’s how to tell the difference between the two.
Seller’s Market or Buyer’s Market? Here’s How to Tell the Difference
Before you dive into the real estate market, here’s what you need to know:
- A seller’s market is a situation in which there are more buyers than there are sellers. Typically, sellers have an advantage because buyers will fight over their homes.
- A buyer’s market is a situation in which there are more homes for sale than there are buyers to purchase them. Typically, buyers have an advantage because they can ask sellers to lower their prices or make improvements that they ordinarily wouldn’t have to make to sell the home.
Signs of a Seller’s Market
You might be in a seller’s market if:
- Houses are selling fast – you’ll see a listing go up one day, save it to your “Favorites,” and see that it’s listed as “Under Contract” within the next few days.
- Home prices are higher than normal.
- There aren’t many homes listed in your city or even in your neighborhood at the moment.
Signs of a Buyer’s Market
You might be in a buyer’s market if:
- Houses are taking a while – from weeks to months – to sell.
- Home prices are “negotiable” or you see many listings that say “motivated seller.”
- When you do a search for homes in your area, there are several available.
Of course, you don’t have to keep your eye on the real estate market to discover what’s happening – you can simply call us and we’ll be happy to tell you.
Are You Buying a Home Along 30A?
If you’re thinking about buying a home for sale on 30A, we can help you. Sign up for exclusive access to the hottest listings – we’ll notify you as soon as homes that meet your needs hit the market!
You can also check out all our 30A real estate listings or get specific with these links:
- Alys Beach homes for sale
- Destin homes for sale
- Grayton Beach homes for sale
- Panama City Beach homes for sale
- Santa Rosa Beach homes for sale
- WaterColor homes for sale
