We are currently in a strong sellers market in and around Greater Cincinnati and here’s some basic info to think about when in a seller’s market OR a buyer’s market.
Seller’s Market
In a market with rising home values, if a seller wants a price that’s the ahead of the market, the market may go up enough to make that price attractive for buyers. Time can cure some markets and make people look smart.
Buyer’s Market
If sellers fall behind a market with falling home values, they can end up chasing the market down, because home values are always falling faster than their price reductions.
