Lisa Hopkyns - Sales Representative
24hr pager:  613 692 2555    
Stonebridge Properties for Sale
Direct line:  613 227 1773    
Toll Free:  1 800 387 2526    
Stonebridge Properties for Sale
lisa@stonebridgehomes.com    
Stonebridge Properties for Sale
ROYAL LEPAGE
5510 Manotick Main St
PO Box 803
Ottawa Ontario K4M 1A7
Homes for Sale
Open Houses
Lisa's Solds
Preferred Partners
About Stonebridge
Community Info
Testimonials
Buyers
Sellers
Community Calendar
Newsletters
Announcements

Understanding market conditions

The real estate market is always changing, and it helps to understand how market conditions can affect your position as a seller. Your agent can provide you with info on current conditions and explain their impact on you.

Buyers' market

The supply of homes on the market exceeds demand. Characteristics
  • High inventory of homes
  • Few buyers compared to availability
  • Homes on the market longer
  • Prices tend to drop
Implications
  • More time to look for a home
  • More negotiating leverage for buyers

Sellers' market

The number of buyers wanting homes exceeds the supply of homes on the market. Characteristics
  • Smaller inventory of homes
  • Many buyers
  • Homes sell quickly
  • Prices usually increase
Implications
  • Buyers may have to pay more
  • Buyers must make decisions quickly
  • Conditional offers may be rejected

Balanced market

The number of homes on the market is equal to the number of buyers. Characteristics
  • Sellers accept reasonable offers
  • Homes sell within an acceptable time period
  • Prices generally stable
Implications
  • More relaxed atmosphere
  • Reasonable number of homes to choose from
Copyright © 2010, Lisa Hopkyns