The National Association of REALTORS® has announced that there’s a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It’s becoming a seller’s market in many areas.
Any time the market changes, it’s time to change strategies. During a buyer’s market, buyers have the upper hand and can make more demands to sellers over their homes’ price and condition. During a sellers’ market, buyers concede the upper hand to sellers and are more willing to accept higher prices and terms. READ MORE