If there is one question I am asked regularly, if not daily, it is "Is this a buyer's or seller's market?"
If you, as a consumer or Realtor, have a definite answer one way or the other, I would be interested to hear your thoughts and why you feel this way. Alaska, and more so the MatSu Valley, seem to have their own micro-economy making it hard to determine this question for me.
What makes it a buyer or seller's market? What is your definition of these titles?
Next Wednesday I will give you my 'definition' and give you my thoughts on the market here in the Valley. Until then, I would love to get comments as to what you believe this market is today. If you live in another area, I would greatly enjoy hearing what you feel your market is and why. Just tell me where you are from, what 'title' you would give your market and the whys behind that title.
Until then...stay warm! Here in Alaska it is 20 below this morning!
Realtor in the Mat-Su Valley of Alaska
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
It's a definite buyers market here... You'll probably get different answers but 3-4 months of inventory is considered a healthy market... anything below is a sellers market - anything more is a buyers market. For all residential we're sitting at just over 11 months, which is a huge amount of inventory for us. We've been running at about 4 months for the past five years.
Thanks Jesse and Kathy. I appreciate you taking the time to comment on this subject.
Hi Dody! Welcome to AR. Found you through Jesse/Kathy.
Philly is definitely a buyers market. As you suggested in another blog, buyers just need to get pre-approved.