Buyers' Market Versus Sellers' Market?

There are many cycles real estate goes through, and if you watch the news, whenever they say the real estate market is bad, they mean for sellers.

Right now is what we call a buyers market. That means there are more homes for sale, than people looking for homes by a significant number.

You can imagine, if there are 15 or 20 homes for sale, for every person shopping, they will have the pick of the litter. It is string these time periods that investors have a heyday buying up the best deals. Every area and demographic goes through these cycles. At the opposite end of the cycle from a buyers market is what's often called by the media a hot market.

Although the news reporters who say the market is hot, again, this only means for someone selling. This means value is of homes are continuing to rise, and there may be multiple offers on just one home.

During these times sellers can create bidding wars to get the maximum amount for the homes are selling. If you are a buyer or and this time. You will be paying more for the same home and homes won't stay on the market very long at all.

If you see that homes online are selling in less than 30 days, it's a sure sign of a sellers market. After a period of time for an area being a sellers market, the pendulum must swing back. This time is what we realtors call an adjustment.

The media will say, "the real estate bubble is about to burst". There is no actual bubble, this is the natural cycle of MN real estate.

Most areas come full circle in 6 to 8 years on average. If you are new to the game of buying and selling real estate, you can quickly and easily get this information online, or if not call a local Minneapolis Realtor.

Agents can give you a brief rundown of what's happening in your area, as well as answer any questions you have without your having to sign any contracts or pay any retaining fees.