The real estate market is always changing, and it helps to understand how market conditions can affect your position as a buyer. Your agent can provide you with info on current conditions and explain their impact on you. There are three different types market on different time and area.
The supply of homes on the market exceeds demand.
Buyers spend more time looking for a home buyer usually have more leverage
The number of buyers wanting homes exceeds the supply of homes on the market.
Prices may be higher or perhaps climbing Must make decisions quickly Conditional offers may be rejected
The number of homes on the market is equal to the number of buyers.