A seller's market can refer to any type of market for goods or services where demand exceeds supply. You can find this seller advantage market for all kinds of items. For instance, a year where the strawberry crop is poor might create the conditions of a seller's market. Since greater demand exists for strawberries than can be satisfied by the supply, those who grow strawberries, or purchase them and sell them at retail prices can charge greater amounts. If people want them, they’ll have to pay higher prices to get them.You will most hear the term seller's market as referring to real estate, particularly single-family homes. When the market is advantageous to the seller, more people want homes than can get them. This allows homeowners to charge much more for their homes, because a homebuyer will be willing to pay a higher price. Generally, the price of homes reaches a cap, and a point at which potential homeowners can’t purchase a home. This gradually helps stabilize the market and create a more even division between supply and demand.
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