Market Snapshot

What's happening in the local market?

If you've been thinking about it, now may be a great time to sell your home. The following information about the current market will help you determine if now is the right time for you to get started on your home selling journey.

Market Trends

Balanced Market

In a balanced market, there are 5 - 7 months of inventory for sale on the market. This means there are the same amount buyers and inventory available to meet their needs. This type of market does not last long and usually is a sign of a shifting market about to happen.  Sellers and buyers need to leverage a REALTOR® to understand these markets and prepare.

Seller's Market

In a seller's market, there is less than 5 months of inventory for sale on the market. This means there are more buyers than inventory available to meet their needs. This type of market moves quickly and buyers need to leverage a REALTOR® to find homes on and off the market.

Buyer's Market

In a buyer's market, there is more than 7 months of inventory for sale on the market.  This means there are more sellers than buyers seeking to purchase properties at this time. This type of market moves more slowly and sellers need to leverage a REALTOR® to help their home stand out in the crowd.

If you want to learn more about what market we are in, contact our team today!

Centre County Today