Rusty Franke REALTOR®

Royal LePage Westwin Realty

RUSTY THE REALTOR® FOR RESULTS

  • Direct Cell: 250-318-3939
  • Office: 250-374-3331
  • Fax: 250-828-9544
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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. As your REALTOR®, I 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
 
 

 

Rusty Franke Kamloops Realtor
Rusty Franke Kamloops Realtor
  • Direct Cell: 250-318-3939
  • Office: 250-374-3331
  • Fax: 250-828-9544
  • RE/MAX REAL ESTATE (KAMLOOPS)
  • 258 SEYMOUR STREET
  • Kamloops, BC
  • V2C 2E5 Canada

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