Following years of decline, the real estate market in many parts of the country have rebounded and it is now a seller's market. This market occurs when the demand for homes outpaces the available supply.
UpNest Blog staffer Maria Scinto reports on some of the factors of a seller's market as well as as the signs that we are in a seller's market:
In a seller’s market, homes don’t stay listed for too long. Many homes sell in just weeks, while others take days or even hours. Many sellers even find themselves with the enviable problem of mediating a “bidder’s war”, with multiple offers coming in. Not surprisingly, some of these homes even sell for well over the listing price, as desperate buyers offer top dollar.
Learn more about sellers markets over at UpNest Blog: