Gina Serrato

408.357.7901

Gina Serrato's Picture

Gina Serrato

Direct: 408.357.7901

Real Estate Trends

 

Market determination is based on supply and demand for homes. The different types of markets are listed below. 

Slow (Buyer’s) Market – There is more than a 6-month supply of homes for sale. The buyer is in a better negotiating position.

• Hot (Seller’s) Market – There is less than a 3-month supply of homes for sale. The seller is in a better negotiating position.

• Neutral Market – There is a 3-6 month supply of homes for sale. Neither buyers or sellers have a negotiating advantage.

• The type of market (buyer’s, seller’s or neutral) is determined by the number of month’s supply of homes. This is calculated by dividing the # of homes for sale by the # of homes that are sold. -

To determine the market in your specific community, please contact me at 408-357-7901