What’s the difference between a “Buyer’s Market” and a “Seller’s Market?

• Buyers’ Market
  A buyers' market refers to a marketplace that favors home buyers because more homes are listed than can be absorbed by the market and sell in the near future. If, for example, 20 homes are listed in a neighbourhood, and 5 were sold in the last month, the neighbourhood has a 4-month supply of homes for sale.
• Sellers’ Market
  Of course, the market can – and does – change based on general economic conditions such as rising or falling interest rates, or the local business climate such as a new company opening nearby. If, for example, all 20 homes listed plus 5 new listings sell within a few months, then the market has become a sellers' market, where buyer demand meets or exceeds the supply of houses for sale.

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Adrien has answers to your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Adrien or click on Ask Your Own Questions. Adrien can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like him to help you locate a home, please fill out his Information Request Form. Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Adrien can also help. Just fill out his Would like an address form, please ! Or perhaps you are considering selling your home in the near future, he can also offer you a Free No-Obligation Market Evaluation Form.