How will the market affect my sale?
How much you sell your house for, and how quickly you sell, depends on local market conditions:
- Buyer’s market – More homes on the market than buyers. Lots of competition from other sellers. Prices drop. Houses take longer to sell
- Seller’s market – Lots of buyers. Not that many houses for sale. Prices increase. Homes sell quickly (just the market you want)
- Balanced market – Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable