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Understanding Market Conditions in Dominican Republic

  • ­When you have decided to buy or sell real estate, the services of a qualified real estate professional are of utmost importance.  See the reasons that you should use a Real Estate Professional


  • Understanding Market Conditions
  • The real estate market is always changing. It helps to understand how market conditions can affect your position as a buyer or as a seller.

    Your La Costa Destinations International Realty Real Estate Professional can provide you with current real estate market conditions and explain their impact.

    Understanding Market Conditions

    Market Conditions

    Characteristics

    Implications

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

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

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

    Seller's Market:
    The number of buyers wanting homes exceeds the supply or number of homes on the market.

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

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

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

    Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices generally stable.

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