It’s a big thing in real estate. People ask me all the time, “is it a buyer or seller market?”
Here’s the skinny – it’s all about inventory. Yep! That is what determines the buy vs seller market million dollar question.
When it takes 1-4 months for current inventory to sell, it’s a seller’s market. Between 5-7 months reflects a balanced market. 8 or more months is a buyer’s market.
It’s as simple as that! Even though sales in the Palm Coast and surrounding areas have slowed, we are still in a seller’s market. Putting your home up for sale sooner rather than later could definitely play in your favor as trends are showing the inventory is close to approaching a balanced market.
I offer a free, no-obligation consultation to anyone thinking about selling their home. Want more info? Contact me! I’m always happy to help.