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What is a Seller’s Market?

What is a Seller's Market

If you’re buying a home in Tampa Bay or any of its suburbs, you’ve probably heard the term “seller’s market” – but what is a seller’s market, and why does it matter to you as a buyer?

What is a Seller’s Market?

A seller’s market is a real estate market in which there are more buyers than there are homes to sell to all of them. It’s great for sellers, but not always beneficial to buyers.

Sellers seem to have an advantage because there are multiply buyers vying for homes. As a result, they don’t have to make as many concessions (agreements to repair things or upgrade things, or lower the sales price of their home). That’s because there are enough buyers that sellers can wait for the right one – the one who doesn’t ask for much, if anything – to come along.

How to Know if You’re in a Seller’s Market

Your agent can tell you whether there are more buyers than there are homes, but you can also tell by looking at:

  • Whether sales prices are increasing
  • There are homes selling quickly, such as in a matter of weeks or a couple of months
  • There are seemingly few homes for sale

Are You Looking for a Home for Sale in Tampa’s Suburbs?

If you’re thinking about moving to Tampa, check out the links below to search for homes with just one click:

  • Hillsborough County homes for sale
  • Pinellas County homes for sale
  • Pasco County homes for sale

When you’re ready to start looking at homes for sale in Hillsborough County, Pasco County or Pinellas County, we’re here to help.

Call us at 727-584-8480 or 813-961-6000. If it’s easier, get in touch with us online. We’ll begin searching for your new home right away.

 

 

 

Posted in: Blog, Buyers Tagged: Buying A Home, Seller's Market, Selling a Home

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RE/MAX ACR ELITE GROUP, INC. Hillsborough

13907 N. Dale Mabry Hwy., Ste. 101
Tampa, FL 33618
Office (813) 961-6000
Fax (813) 961-6016

RE/MAX ACR ELITE GROUP, INC. Pinellas

1465 S. Ft. Harrison Ave, Ste. 100
Clearwater, FL 33756
Office (727) 584-8480
Fax (727) 586-6789

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