And how can you tell? Are there
A few years ago it was a definite seller's market. Homes were on the market for no more than days if not hours. Buyers were implementing escalation clauses to bump up the price of the home past the highest bidder sometimes thousands of dollars. Today, those homes are just not worth what people paid for them only a couple of years ago. And
As a buyer though, this is great news. A buyer can obtain a home for below market value and even add on some contingencies to the negotiations.
As a seller though, you must get creative on reeling in your buyer's. Your home must be top notch and probably priced below the lowest house on the block to even get looked at. (check out staging you home) There are ways to come out on top and not just give away your home but you need to make it worth their while to come view your home and offer the buyer something that no one else is at that price.