Market Conditions in 44233>Question Details

Anthony, Other/Just Looking in Ohio

What criteria must be met for an area to be considered a market center?

Asked by Anthony, Ohio Sun Nov 23, 2008

Help the community by answering this question:


If I understand correctly the perspective from which you are asking this question, market center is right between the buyers' market (more inventory for fewer buyers) and the sellers' market (less inventory for more buyers). National Association of Realtors and it's local branches measure market activity on a regular basis. Every month they publish how many active listings there are in each market for an active buyer. Typically, buyers' market occurs when there are 7, or more homes available per buyer, sellers' market is when there are 5, or fewer, available homes per buyer. So market center would right between the two.
I hope that helps.
0 votes Thank Flag Link Fri Feb 27, 2009
even i want to know this... please answer someone...
0 votes Thank Flag Link Fri Feb 27, 2009
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