What Exactly is a Buyers' or a Sellers' Market in Real Estate

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Real Estate Agent with Power Brokers Int'l BRE# 01439865

When buying or selling real estate in Los Angeles  we often talk about the market as being a buyers’ or a sellers’ market, based on the absorption rate.Sellers' Market

The absorption rate is the number of months it will take to sell the existing inventory based on prior months’ sales.  6 months is a balanced market, under six months a sellers’ market, and over six months a buyers’ market.

However the market is neither a buyers’ or sellers’ market if no one is buying or selling, and ultimately we rely on sellers putting new homes on the market to spur the buyers out there who are fed up with the lack of inventory, or a glut of stale inventory which is either overpriced or not what they are looking for.

If you are a Los Angeles home seller, have a great home in a desirable area, and decide to list it at market rate, you are going to have a quick sale and it will probably go into a multiple offer situation.  Buyers have been chomping at the bit for a home like yours.

Buyers’ markets in areas like Los Angeles are usually short-lived.  The foreclosure market does not always benefit your average buyer.  The bargains are snapped up by investors and what’s left is usually not that desirable.

Short sales could drive a buyers’ market but many buyers are turned off by the long wait and uncertainty of the process.

So, we are back to good homes in good areas at good prices.  Those will always a sellers’ market make.

 

 

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.


Read more: http://www.homejane.com/define-a-los-angeles-real-estate-buyers-or-sellers-market.html#ixzz1qX9bOZfX

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  1. Norma Toering 03/29/2012 03:37 PM
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Tags:
buying a los angeles home
los angeles home sellers
selling a home in los angeles
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Rainmaker
863,211
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Christine,  sellers, are you hearing this.?

March 31, 2012 09:59 PM
Rainer
15,438
Brian Park

The answer is simple, it is the number of ready, willing, and able sellers versus the number of ready willing and able buyers in a specific market place. It can be various type of markets, geographic, price, and many others even though we use the term most of the time in a general sense.  

March 31, 2012 10:06 PM
Rainmaker
863,211
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Brian, good explanation.

March 31, 2012 10:09 PM
Rainmaker
412,300
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
Top Listing Broker
BROKER of Green Realty Properties® - 954-667-7253

Jane,

Great post, it puts these terms into an easy to understand format. If someone is thinking of selling their Los Angeles home, they need to call you! Congratulations on the feature.

Our days on the market here in South Florida are so so low and we are so short on inventory that this week I sold a home  while they are on "T" status (sellers took the home off the the market temporarily while on vacation).

April 01, 2012 09:35 AM
Rainmaker
863,211
Jane Peters
Connecting you to the L.A. real estate scene
Power Brokers Int'l

Patty,  that is amazing.

April 01, 2012 03:25 PM
Anonymous
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Rainmaker
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Jane Peters

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A Los Angeles Realtor® specializing in absentee owners, out-of-town buyers and those needing extra assistance with one of the most important transactions of their lives. Just sit back and relax! You are in capable hands.

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