Market conditions

The housing market is constantly changing, and can be difficult to predict; however, by understanding the basic principles of supply and demand, you can make an informed decisions about buying or selling a home.

• Hot market: A hot market is characterized by high demand for homes and low supply, which typically leads to rising home prices and bidding wars.

  • Example: "The current real estate market is hot, with homes selling quickly and prices rising steadily."

• Balanced market: A balanced market is characterized by an equal supply of homes and demand, which typically leads to stable home prices.

  • Example: "The real estate market is currently balanced, with neither buyers nor sellers having a clear advantage."

• Buyer's market: A buyer's market is characterized by high supply of homes and low demand, which typically leads to falling home prices and buyers having more negotiating power.

  • Example: "The real estate market is currently a buyer's market, with buyers having more choices and negotiating leverage."

• Seller's market: A seller's market is characterized by high demand for homes and low supply, which typically leads to rising home prices and sellers having more negotiating power.

  • Example: "The real estate market is currently a seller's market, with sellers receiving multiple offers and having the upper hand in negotiations."

Homes for sale by county

Market Values by county

Below you will find the most commonly used terms to describe the market and examples of each