What kind of market are we in right now? Allow me to explain today by sharing an update on current happenings, as well as a few common terms that will help you better understand what’s going on.
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Have you ever heard a real estate agent use the phrase “absorption rate”? What about the terms “buyer’s market” or “seller’s market”? And if you have, do you know what kind of market we’re in?
Parsing out the meaning behind real estate jargon can be difficult for those who don’t work in this industry, so allow me to give you a quick lesson on these terms and phrases today, followed by an update on what kind of market we’re facing at a local level. Knowing what each of these things mean will make…