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What is the difference between a buyer’s market and a seller’s market?

April 26, 2017buyer difference market seller

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What is the difference between a buyer’s market and a seller’s market?

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In a buyer’s market there are more homes for sale than there are buyers to buy them. The buyer has the advantage because the seller will not have many competing offers. In a seller’s market there are more buyers than sellers. The sellers will have the advantage because there may be many buyers interested in their home.