A "Seller's Market" refers to a condition in the real estate market where there are more buyers than sellers. In a Seller's Market, you'll find that the list prices for homes are higher than it would be if it were a Buyers Market.
A "Buyer's Market" is the opposite of a Seller's Market; it's a condition in which there's more houses on the market than buyers.
In either market, you want an agent working for you that knows both markets. Please contact us if you're in need of an agent to represent you with your buying or selling needs.
Read the Article: Detroit’s Hot Real Estate Market Is Tough for First-Time Homebuyers » WDET 101.9 FM
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