Sellers Market

What is a seller's market?

A seller's market refers to a situation where the demand for properties exceeds supply, creating a favourable environment for vendors. This increased demand creates a situation where sellers can often sell their homes for more money and with less effort than in a buyer's market. 

Features of a seller’s market 

In a seller’s market, there is often increased competition among buyers, resulting in: 

• Higher prices
• Quicker sales
• Sellers receiving multiple offers on their property
• More favourable negotiation for sellers

What causes a seller’s market? 

A seller's market can be caused by various factors, including: Low housing inventory Low-interest rates Population/job growth