Call Today!

613-238-2801

resources header

It helps to understand how market conditions can affect your position as a buyer or seller. We can provide you with current real estate market conditions and explain their impact.

Market conditionsCharacteristicsImplications

Buyer's Market
The supply of homes for sale on the market exceeds the demand.


High inventory of homes. Few buyers compared to availability. Homes are on the market longer. Prices tend to drop.


More time to look for a house. More negotiating leverage.

Seller's Market
There are more buyers looking to buy homes there are homes on the market.


Smaller inventory of homes. Many buyers. Houses sell quickly. Prices usually increase.


May have to pay more and make decisions quickly. Conditional offers may be rejected.

Balanced Market
The number of homes on the market is equal to the number of buyers.


Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable.


More relaxed atmosphere. Reasonable number of houses to choose from.

Click here for some great articles on Financing or moving.

Featured Listings

360_19134c368853ea600ff70dea064e84e8.jpg
359_a66a733e337f30775c63a7286c33efca.jpg
358_25b605ee214df2c783ea796bf35d3640.jpg
353_05429e0e2d1157c389854f25090d41c8.jpg
333_b8ae4c1b06d8e4bf0b673e391fe824b8.jpg

Find Us

Royal Lepage Performance Realty
Independantly Owned and Operated, Brokerage

165 Pretoria Ave. | Ottawa, ON | K1S 1X1
Tel: (613) 238-2801

Quick Contact