Real Estate Term
Seller's Market
A market condition where demand exceeds supply, giving sellers more negotiating power.
What is Seller's Market?
A seller's market is a condition where buyer demand outpaces the supply of homes for sale, pushing prices up and homes selling quickly. Sellers often receive multiple offers, sometimes over asking, and buyers have less room to negotiate or include conditions. It is the opposite of a buyer's market and is tracked with metrics like months of inventory.
Frequently asked questions
Related terms
Buyer's MarketA market condition where supply exceeds demand, giving buyers more negotiating power.Multiple OffersA situation where a seller receives more than one offer to purchase their property.Comparative Market Analysis (CMA)An analysis of recently sold properties similar to the subject property, used to determine market value.AppreciationAn increase in property value over time due to market conditions or improvements.
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