Скачать или смотреть The transition from buyer's to a seller's market is driven by economic conditions.

When will this buyer's market end?

A buyer's market transitions to a seller's market when the balance of supply and demand shifts in favor of sellers.

A reduction in the number of homes available for sale can lead to increased competition among buyers. This can occur due to fewer new homes being built or more homeowners choosing not to sell​. The rate at which homes are sold can indicate a shift. A decreasing absorption rate (the time it takes for all homes on the market to sell) suggests a tightening market and a move towards a seller's market​.

An influx of new residents, often driven by job opportunities, can increase demand for housing. Areas experiencing significant population growth tend to shift towards a seller's market as more people compete for fewer homes. Economic growth, rising employment rates, and higher consumer confidence can increase the number of potential buyers, pushing the market towards sellers​.

Decreases in mortgage interest rates make borrowing more affordable, encouraging more people to buy homes. This can increase demand, leading to a seller's market if supply does not keep pace. If buyers anticipate future interest rate hikes, they may rush to purchase homes while rates are still low, temporarily increasing demand and shifting the market.

When buyers and sellers believe that home prices will continue to rise, more buyers enter the market, hoping to benefit from future appreciation. This can lead to a seller's market as demand outstrips supply​.

#fredtamrealestate #torontorealestate

Book a FREE Q/A with me: https://calendly.com/fredtam/30min