Real Estate as a Professional Career: What are the different types of markets?

Question

What are the different types of markets?

Tangled Sense · Accepted Answer

Seller's market - the number of buyers wanting properties exceeds the supply 
- properties sell quicker, rising prices, and many buyers looking
- more offers to choose from
Buyer's market - the supply of properties on the market exceeds demand. 
- longer selling periods, fewer buyers compared to properties available. 
stabilized or declining prices.

- Balanced Market

Tangled Sense · Answer

Balanced market - the number of properties on the market equals the demand. 
-  properties selling within a reasonable time. 
- prices stabilized 
- relaxed

Real Estate as a Professional Career

What are the different types of markets?

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