The real estate market conditions Ottawa is always changing. This chart helps to understand how market conditions can affect your position.
I can provide you with current real estate market conditions and explain their impact. Feel free to contact please.
|Buyer’s Market: The supply of homes on the market exceeds demand.||High inventory of homes: Few buyers compared to availability. Homes on the market longer. Prices tend to drop in this type of market||Your home may take longer to sell. Less negotiating leverage in terms of selling price.|
|Seller’s Market: The number of buyers wanting homes exceeds the supply or number of homes on the market.||Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase.||May have more negotiating leverage and obtain a higher selling price for your property.|
|Balanced Market: The number of homes on the market is equal to the demand or number of buyers.||Demand equals supply. Homes sell within an acceptable time period. Prices generally stable.||More relaxed atmosphere. Buyers have a reasonable number of homes to choose from.|