What is a Seller’s Market?
A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. Also, home sellers will have the upper hand when it comes time to negotiate. However, even if the U.S. housing market is indicating a seller’s market and the competition is fierce, rest assured that you can still buy a home.
How has the pandemic affected the market?
The pandemic has affected the housing market in many ways.