How do market conditions affect my home's value?
By Bob Millaway, South Jersey Community Expert & REALTOR®
In a seller's market with low inventory and high demand, home values rise as buyers compete for limited listings. In a buyer's market with more homes for sale than buyers, values may stagnate or decline. Interest rates, employment rates, and economic conditions also influence how much buyers are willing to pay. Your agent can explain current conditions in your area.
Why It Matters
Market conditions can change your home's value by tens of thousands of dollars regardless of your home's condition. Timing matters.
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