Frequentaly Asked Questions

      What’s the difference between a “Buyer’s Market” and a “Seller’s Market?

• Buyers’ Market
  A buyers' market refers to a marketplace that favours home buyers because more homes are listed than can be absorbed by the market and sell in the near future. If, for example, 20 homes are listed in a neighbourhood, and 5 were sold in the last month, the neighbourhood has a 4-month supply of homes for sale.
• Sellers’ Market
  Of course, the market can – and does – change based on general economic conditions such as rising or falling interest rates, or the local business climate such as a new company opening nearby. If, for example, all 20 homes listed plus 5 new listings sell within a few months, then the market has become a sellers' market, where buyer demand meets or exceeds the supply of houses for sale.

Return to Frequently Asked Questions

Elaine has answers to your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Elaine or click on "Ask Your Own Questions." Elaine can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home, please fill out her Information Request Form. Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Elaine can also help. Just fill out her Would like an address form, please ! Or perhaps you are considering selling your home in the near future, she can also offer you a Complimentary No- Obligation Market Evaluation Form

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