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Buyer's Markets - What is a Buyer's Market

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Definition: A buyer's market exists when there are a lot of homes on the market and very few buyers competing for that inventory. Typically, an inventory of more than six months of homes is considered a buyer's market. When inventory rises, buyers have more choices and can take more time to choose. In addition, prices typically fall to meet the demands of the buyers.

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

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