Understanding the Market

The Real Estate market, like any other, is always changing and now, more so than ever, we are bombarded with news everyday it changes in the market.  It helps to understand how market conditions affect your position, whether you are buying, selling or both.
 
Your HLM Realties REALTOR® can provide you with current conditions and what each can mean to your own situation. The most common terms you will hear being mentioned in terms of the market include:

Balanced Market: The number of homes on the market is about equal to the demand or the number of buyers. This very rarely happens.
 
Seller's Market: The number of buyers wanting to buy homes exceeds the supply. This can also be referred to as an active market and because the demand for properties is high, during this time, prices typically are increasing.
 
Buyer's Market: The supply of homes on the market exceeds the demand. This can also be called a depressed market. The high level of supply in the market leads to a decline in real estate values