How to prove a buyer's market?

[Keter Pardes]

Looking for more contingencies is a way to prove to a seller it's a buyer's
market now. What other ways can you PROVE there's a slowdown?

[Jeff Strickland]

Well, you could gather data on Time on Market, Slowing of Price Increases,
that sort of thing. Rises in the time on market or slowing of price changes
indicate that sales are slow, and this is by definition a Buyer's Market.

Data Quest -- out of La Jolla (San Diego) -- tracks this sort of stuff ...

Post by Keter Pardes
Looking for more contingencies is a way to prove to a seller it's a buyer's
market now. What other ways can you PROVE there's a slowdown?
--
All the best,
Keter Pardes

[The Real Tom]

On Thu, 22 Dec 2005 18:10:23 GMT, "Keter Pardes"

Post by Keter Pardes
Looking for more contingencies is a way to prove to a seller it's a buyer's
market now. What other ways can you PROVE there's a slowdown?

Well guess to prove it, it would be easier if it's accurate. Since
markets are 'local' I see it being hard to prove it's a buyer's market
here, in Pa. But, if you have a situation where sellers are listing
houses and houses are being sold below asking price, then that's very
likely a buyers market. Now if it's reverse, meaning houses are being
bid up above asking price, then that would suggest a strong seller's
market.

Now if houses are being sold at asking price, I guess that's just a
'fair market'. :D

Just my guess,

Tom @ www.FindMeShelter.com