It’s simple supply and demand: A surplus of homes for sale in a market tends to lead to lower prices across the board for those listings and favorable conditions for home buyers. This buyer’s market often leads aspiring homeowners to snatch up these residences while the prices remain low. However, competition can get fierce for low-priced properties, so it’s always best to advise your buyer clients to act quickly when they find a home that catches their eye. They could lose out on their dream home in a matter of hours in certain buyer’s markets.

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