What does a BUYER'S MARKET mean

What does “buyer’s market” really mean?
A buyer’s market happens whenever a supply of something exceeds demand. When the term is applied to real estate, it means that a six-month or greater supply of inventory
is available.
WHAT DOES THIS MEAN TO YOU AS A PROSPECTIVE SELLER?
It means that if you are considering selling your home, you need to meet specific marketability factors to get the price, terms and timing you need to realize your financial goals.
WHAT DOES THIS MEAN TO YOU AS A PROSPECTIVE BUYER?
It means that the number of homes you have to choose from is larger than it has been for years. And, with interest rates still low, the odds of finding your dream home—and facing less competition for it when you do—also are better than they have been in years.
Effectively listing and selling homes in today’s market requires an educated approach. If you would like to learn more about how today’s trends affect your buying and selling strategies, please feel free to call me. I have the answers you are looking for.