Good question! it's all about supply and demand. We can monitor it by Taking the Inventory numbers and divide them by the Sale numbers. Lets say you have 100 homes for sale and 100 homes that sold, or 100/100 which equals 1.0, this would be a neutral market. Now if we have 200 homes and 100 sales that would give us 2.0 or a Buyers market. The higher the number the stronger the Buyers market. on the contrary it the number is below 1.0 then it is a Sellers market. Bottom line, if your number is Zero, there is no market and we are ion a world of hurt. Hope this helps. -- Rob
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How long usually until it turns into a buyers market
Good question! it's all about supply and demand. We can monitor it by Taking the Inventory numbers and divide them by the Sale numbers. Lets say you have 100 homes for sale and 100 homes that sold, or 100/100 which equals 1.0, this would be a neutral market. Now if we have 200 homes and 100 sales that would give us 2.0 or a Buyers market. The higher the number the stronger the Buyers market. on the contrary it the number is below 1.0 then it is a Sellers market. Bottom line, if your number is Zero, there is no market and we are ion a world of hurt. Hope this helps. -- Rob