We aren’t in a seller’s market; we’re in a market where everyone can win.
We’ve all heard the terms seller’s market and buyer’s market before, but I think we’re currently in a different type of market altogether. What we’re in right now is a winner’s market. Typically, when you have less than six months of inventory, it’s a seller’s market. In that kind of market, home values will appreciate because there’s not enough supply to meet demand. When we have more than six months of inventory, it’s a buyer’s market, and home values tend to depreciate. However, it’s a little more complicated than that right now.
You can watch the full video above or skip to each section using the timestamps provided:
0:00 — Introducing today’s topic
0:42 — We’ve been in a seller’s market since 2012
1:41 — You might have more equity than you think
2:50 — Why this market is here to stay
5:11 — How buyers can make the most of this market
6:18 — Everyone can win in this market
7:27 — Wrapping up
If you have any questions about our local market, feel free to call me or my team at 608-345-6594. We’d love to hear from you.