Are We in a Buyer’s Market or a Seller’s Market?

Talk with a local real estate agent to learn whether your market is more advantageous to the buyer or seller.
Talk with a local real estate agent to learn whether your market is more advantageous to the buyer or seller.

Understanding the real estate landscape can make it easier to make decisions about when to buy or sell a home. While national real estate market reports are a good statistical reference, they may paint a different picture than what you will find in a particular region, town or neighborhood.

After the recent housing boom, and its resulting bust, experts have been watching the market closely for signs of recovery and normalization. Over the past year or so, many regions have reported low inventory, an increase in home values and even bidding wars. This is continuing in some areas, but more markets are beginning to slow, possibly indicating a stabilization. When home prices are on the rise, and inventory is low, an area is considered to be having a seller’s market.

Buyers are competing to purchase a smaller amount of available homes and this demand typically lets sellers negotiate higher prices for their homes. In a buyer’s market, the opposite is true. The large number of available homes creates less demand and sellers are forced to lower their home prices to attract buyers. Across the country, an overall slower real estate market indicates that many regions are more stable.

Instead of being labeled as a seller’s market or a buyer’s market, they typically have an amount of available home inventory that is in line with a number of interested buyers. In that situation, sellers can often sell their homes in a reasonable amount of time, while buyers can still find affordable homes. Of course, real estate markets can be very different from one region to another, or even from one neighborhood to another.

According to Zillow’s July Real Estate Market Reports, many metro areas are still seeing home prices that are higher than this time last year. The metro areas with the largest increase include Las Vegas, Nevada; Riverside, California; Miami-Fort Lauderdale, Florida; and Atlanta, Georgia. Although home prices are rising in many areas, they have remained affordable in 94 of the nation’s largest 100 real estate markets. When compared to peak home prices in 2007, national home values are down by 11.1 percent. The areas showing the largest monthly declines were Kansas City and Indianapolis. However, out of the 35 largest metros in the report, only eight showed monthly declines and two remained flat.

The best way to learn about your local real estate market, or the market where you wish to move, is to contact a local real estate agent. A professional real estate agent can tell you whether your area is experiencing a buyer’s market or a seller’s market. She can also perform a comparative market analysis to estimate your home’s selling price or reasonable prices for homes you might like to buy.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and
Details here.

Share this post:

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting [email protected] Message/data rates may apply. I also agree to’s Privacy Policy and Terms of Use.

The Best Places to Snowbird in 2021

We’ve gathered 25 of the best places for snowbirds, including cities in Florida, Arizona, California, Texas, South Carolina, and Nevada. For each entry, we’ve also provided a list of recommended 55+ communities in the area. If you’re ready to find your own winter retreat this season, here are some of the best places to consider.

Interior view of the indoor pool at Del Webb Ponte Vedra in Ponte Vedra, Florida.

Jacksonville Area 55+ Communities With Indoor Pools

There’s something so luxurious about an indoor pool. Take a look at these communities in Jacksonville and the surrounding northeast Florida area. You’ll find indoor pools and much, much more.

Sunset on sandy and rocky beach in the Bay Area of California.

55+ Communities on the Beach in the Bay Area

Perhaps you’re ready to turn your dream of living by the beach into reality. In that case, we’ve got you covered, because there are a few wonderful beachside 55+ communities right in the Bay Area.

A 55+ couple with arthritis holding hands and enjoying a day at the beach.

The Best Places to Retire With Arthritis

Those with arthritis know the pain and discomfort can be difficult to manage day-to-day. While there are many remedies to manage the pain, one you may not consider is climate. 55Places has taken a look at the best regions to live if you have arthritis, and many of them are home to 55+ communities!

A bridge over a pond on the grounds of Sun City Lincoln Hills in Lincoln, California.

Large 55+ Communities in the Sacramento Area

One of the greatest benefits of living in a large community is the vast amount of amenities typically offered. If you’re looking for larger 55+ communities in Sacramento, you’ll want to check out the three following communities.

Aerial view of the Downtown Spartanburg skyline in South Carolina on a sunny day.

Living in Spartanburg, South Carolina

Located in the scenic foothills of the Blue Ridge Mountains in Northwestern South Carolina—also known as the Upstate—Spartanburg is an ideal destination for active adults who want to retire in a mid-sized city with a small-town, close-knit feel.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top