What is the difference between a buyer's market and a seller's market? A buyer's market is when the buyer has the advantage and leverage in negotiations versus when the seller has the advantage and leverage. In a buyer's market, there's more housing inventory and home buyers can negotiate the prices down. Conversely, homes sell for more in a seller's market when the housing supply is low.

The marks of a buyer's market:

1) Increased inventory More homes to choose from for buyers
2) Time on the market Homes take longer to sell in a buyer's market
3) Decreased competition
4) Lower price in a buyer's market
5) Buyer negotiation power goes up

The marks of a seller's market:

1) Decreased inventory There are fewer homes to sell and more buyers than homes available
2) Less time on the market The buyer has less time to complete due diligence
3) Increased competition Buyers are competing for the same homes
4) Higher prices in a seller's market Competition drives the price up
5) Increased leverage for the seller and decreased leverage for the buyer Difficult for the buyer to get desired terms

Thinking about buying or selling a home in Seattle soon? Please don't hesitate to reach out! People like you regularly contact me about their real estate goals after discovering me on YouTube. I'd love to bring value to your home buying or selling experience too!

Here are a few reviews from people who discovered me on YouTube:

Kit and Taryn    • Seattle Real Estate Agent Client Test...  
Aswin & Aisha    • Seattle Real Estate Agent Client Test...  
Jaimin & Riddhi    • Seattle Real Estate Agent Client Test...  

Contact Zach:
call/text: (425) 3433661
email: [email protected]
http://mcdonaldresidential.com/contact/

You can learn more about me at the links below:

Website http://www.mcdonaldresidential.com/
Zillow http://www.zillow.com/profile/mcdonal...
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Twitter   / zachseattle  
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Google https://goo.gl/maps/NvgkqngqvZKG8ZrB6

Other links you might be interested in:

August 2020 Seattle Real Estate Market Update (last month)    • Seattle Real Estate Market Update | A...  
All Seattle Real Estate Market Updates    • Seattle Real Estate Market Updates  
PreInspection Advantages & Disadvantages    • Pros and Cons of a PreListing Home I...  
Pros and Cons of an Offer Review Date    • Pros and Cons of an Offer Review Date  
Why are Seattle Home Prices Increasing During a Pandemic    • Why Are Seattle Housing Prices Increa...  

Video created by www.freestyleproduction.com

0:00 Introduction
0:31 Increased Inventory
1:36 Decreased Competition
2:04 Lower Price in a Buyers Market
2:22 Buyer Negotiation Power Goes Up
3:06 Decreased Inventory
3:43 Less Time on the Market
4:37 Increased Competition
5:50 Increased Leverage for the Seller