Remember when houses sold the same day or week that the sign went in the yard? And then you remember when the sign in the yard seemed to linger for months? There is an explanation for this swing in the real estate market.
A Buyer's Market means that supply exceeds demand or there are more houses on the market for sale than buyers who buy them. A Seller's Market means that demand exceeds supply, or there are more buyers than houses for sale. Usually in a Buyer's Market the prices go down, and in a Seller's Market, prices go up. This cycle has repeated many times in the past and will continue to repeat in the future.
If you are interested in learning more about the process, the requirements, and the time line of either buying and/or selling your home, feel free to stop by our office and speak with Maria, Lupe or Belen.
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