August 25th, 2020
Do you know how to tell if it’s a Buyers or Sellers market? The problem that’s clearly evident is that if you ask 99 out of 100 agents how the real estate market is, you get hemming and hawing, made up answers, pie in the sky, unobjective ********. So here’s how to tell … objectively, mathematically, no nonsense, with just the facts.
First play this video, then go to https://bestpalosverdeshomes.com
How to tell if it’s a Buyers or Sellers market
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As you saw in the video above, my method is based on the economics of supply and demand. It’s the best way to How to tell if it’s a Buyers or Sellers market … so what it is it? Are we in a real estate bubble?
Wikipedia: “Supply and Demand” In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.