Any seasoned real estate agent or market observer will tell you that all real estate markets go through cycles. Your local market is no different. If you’re considering a home sale or purchase, you’ll want to identify your market’s cycle to take advantage of the best timing for buying or selling. Whether you are looking to buy a condo in Miami, FL or sell your home in Atlanta, GA, knowing your market is very important.
A seller’s market is prevalent in your area when these factors are in place:
- Inventory of available homes is low. There are fewer homes