Posted On: June 14th, 2017 11:58PM
That is a good question and one that I get all of the time. Is it a seller's market or is a buyer's market.
A seller's market is where home listings are scarce and sellers can keep prices high. A buyer's market is is where home listings are plentiful and selling prices remain relatively low.
If you are buying and selling in the same market - you will get to take advantage of one side or the other. Meaning, if you are selling and then buying - your advantage will either be as the buyer or the seller depending on the market. So the answer if you are not going far, is that it really doesn't matter.
When the market is more important is when you are leaving one market to go to another. If you are leaving Denver area and moving to Grand Junction or California. That is when a "seller's" market may benefit you. Perhaps you can sell your home for top dollar here and move to an area where it is a buyer's market. That would be an ideal situation. It would be important to find out what the market is like in your destination home.