Buyer’s market or a seller’s market – why?

  Our Real Estate Market in Belmont and on the SF Peninsula can usually be termed either a “buyer’s market” or a “seller’s market”. What does that mean and why does it have to be either one or the other? Over the past 30+ years since Len Moore has been selling Belmont real estate and also in surrounding peninsula areas our market typically has either been at one extreme or the other. When the market is strong like now and homes are selling quickly we call it a “seller’s market”, as it favors the seller. This results when there is more demand than the existing supply of homes to sell. High demand causes homes to sell quickly, often at over asking price and since 2012 with multiple [...]