Have you taken the time to browse through the listings in Saskatoon? If you have, you may have noticed a lack of options available, especially homes ranging in price between $300,000 and $500,000. It’s all thanks to the seller’s market that we are currently experiencing!
Seller’s Market vs Buyer’s Market vs Balanced Market
Understanding the difference between a seller’s market, a buyer’s market, and a balanced market is important no matter if you’re buying a home, selling a home, or trying to do both at the same time.
A seller’s market signals that there is more demand for homes than there is supply. A buyer’s market, on the other hand, happens when there’s ample supply but less demand. In a buyer’s market, not only is there more…