You probably have heard the term “seller’s market” and “buyer’s market “but may not know what it means. A balanced housing market is one where there are about 6 months of inventory or listed homes. This means that if no other houses are listed, it would take about 6 months to sell what is available. Anything under 6 months and it is a seller’s market; over 6 months and it favors the buyer.
In most parts of Metro Atlanta, it is still a seller’s market. However, it is starting to balance out. What does this mean for you as the buyer? – sellers are willing to negotiate with you on price, closing costs, and repairs and there are fewer homes with multiple offers. Recognizing the market you face will help you prepare for the twists and turns in the buying process.
Comments