How to sell in a buyer's market
Are you considering selling your home right now? If the answer is yes, then it’s time to ensure you understand the current environment of the market and work out a strategy to get an edge over the...
In the context of real estate, ‘buyer demand’ refers to the level of interest and desire among potential buyers for a property.
In the context of real estate, ‘buyer demand’ refers to the level of interest and desire among potential buyers for a property. A higher buyer demand indicates a greater level of competition and typically higher prices and vice versa.
Some factors that can affect buyer demand include:
To grasp a general idea of buyer demand in your local market, it might be worth looking at indicators such as: The number of homes sold within a given period Average days on market The ratio of active listings to sold properties Getting insights from real estate professionals
Compare your property to recent sales in the area to get a current market estimate.
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