Market Conditions

Pay attention to market conditions – they will have a definite impact on your position as a buyer. The table below lists the influences that different conditions may have on you. Impact and expenses may vary, depending on your area.

Market conditions	Characteristics	Implications
Buyer's market The supply of homes on the market exceeds the demand.	High inventory of homes. Few buyers compared to availability. Homes are on the market longer. Prices tend to drop.	More time to look for a home. More negotiating leverage.
Seller's market There are more buyers looking to buy a home than there are homes on the market.	Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase.	May have to pay more and make decisions quickly. Conditional offers may be rejected.
Balanced market The number of homes on the market is equal to the number of buyers.	Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable.	More relaxed atmosphere. Reasonable number of homes to choose from.

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Dale has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable.
Call or E-mail Dale or click on "Ask Your Own Questions."

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Dale can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area.
If you would like him to help you locate a home, please fill out his Information Request Form.

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Or perhaps you are considering selling your home in the near future, he can also offer you a
Free No-Obligation Market Evaluation Form.

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