Dian Hymer on selling your home in today’s buyer’s market.
You may be kicking yourself for not selling your home last year when the market was hot and gave sellers an advantage. Now, in most parts of the country, you’ll be selling in a balanced market, at best. In a balanced or normal housing market, neither the buyer nor seller has an advantage over the other.
I think the “normal” market is a buyer’s market, that 90% of the time we have a buyer’s market.
Right now and at least until spring, it looks like we will have a strong buyer’s market. Once inventory of homes for sale gets below about 33,000, we’ll have a normal buyer’s market.
Dian makes the good point that there are few buyers but those out shopping for homes right now are serious buyers.