{"id":23774,"date":"2024-07-03T07:50:03","date_gmt":"2024-07-03T12:50:03","guid":{"rendered":"https:\/\/www.lakehomes.com\/info\/?p=23774"},"modified":"2024-09-05T09:17:34","modified_gmt":"2024-09-05T14:17:34","slug":"whiteboard-topics-lake-real-estate-sellers-or-buyers-market","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-lake-real-estate-sellers-or-buyers-market","title":{"rendered":"Whiteboard Topics: Lake Real Estate: Seller&#8217;s or Buyer&#8217;s Market?"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Whiteboard Topics: Lake Real Estate: Seller&#039;s or Buyer&#039;s Market?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/mF0MR-W91x0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The lake real estate market is an interesting one. Unlike your typical market for real estate, this market is more niche. You also might be wondering if it is a market for sellers or buyers. Questions like these are very typical when it comes to this market specifically. Luckily, Lake Homes Realty&#8217;s CEO, Glenn Phillips, has the answer to this question.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Seller&#8217;s Market: Command Higher Prices &#8211;<\/strong> Typically, a seller&#8217;s market means that the seller can command this higher price. When this occurs, there is usually limited inventory and a high volume of buyers. With this type of market, the seller has more of an advantage.<\/li>\n\n\n\n<li><strong>Buyer&#8217;s Market: More Options &#8211;<\/strong> Opposite of the seller&#8217;s market, the buyer&#8217;s market has fewer people looking. During this time, a lot of sellers are wanting to appeal to the buyer. When this type of market happens, the buyer has the ability to offer a lower price with more options.<\/li>\n\n\n\n<li><strong>Pricing: Supply and Demand &#8211;<\/strong> The main factor in determining which market we&#8217;re in comes down to supply and demand. Is there a higher number of houses with fewer buyers, or less inventory and more buyers? In more recent years, there has been a decline in inventory. This was around the Covid-19 years, which created a seller&#8217;s market. Things have begun to change due to less demand. That&#8217;s not to say it isn&#8217;t still there; it&#8217;s just not like the frenzy that it once was.<\/li>\n\n\n\n<li><strong>Increase in Inventory (Sort of) &#8211;<\/strong> In the past couple of months, there has been an increase in lake real estate and primary residential real estate.<\/li>\n\n\n\n<li><strong>&#8220;Phantom&#8221; Inventory &#8211;<\/strong> There are still sellers today who think we&#8217;re in a strong seller&#8217;s market. This has caused them to overprice their homes, leading to the homes sitting on the market.<\/li>\n\n\n\n<li><strong>&#8220;Stalemate&#8221; Market &#8211;<\/strong> We&#8217;re not technically in one market or the other, more so this &#8220;stalemate&#8221; market. This ultimately means there&#8217;s an equilibrium between supply and demand.<\/li>\n<\/ol>\n\n\n\n<p>It all boils down to: which market are we still in? Truth be told, neither. We&#8217;re in an area where the sellers can have a little bit of an advantage if they price their homes appropriately. If you&#8217;re still curious about the market or have other real estate questions, head over to <a href=\"https:\/\/www.lakehomes.com\/\">LakeHomes.com<\/a>. You&#8217;re bound to find an agent in your area who is happy to help out.<\/p>\n\n\n\n<div class=\"_form_187\"><\/div><script src=\"https:\/\/lakehomes.activehosted.com\/f\/embed.php?id=187\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>The lake real estate market is an interesting one. Unlike your typical market for real estate, this market is more niche. You also might be wondering if it is a market for sellers or buyers. Questions like these are very typical when it comes to this market specifically. Luckily, Lake Homes Realty&#8217;s CEO, Glenn Phillips, has the answer to this question. It all boils down to: which market are we still in? Truth be told, neither. We&#8217;re in an area where the sellers can have a little bit of an advantage if they price their homes appropriately. If you&#8217;re still&hellip;<\/p>\n","protected":false},"author":50,"featured_media":23775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429,12062,12063,3],"tags":[341,20,96,8128,63,139,10090,33,149,138],"class_list":["post-23774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceo-insights","category-for-buyers-advice_and_tips","category-for-sellers-advice_and_tips","category-advice_and_tips","tag-lake-activities","tag-lake-homes","tag-lake-life","tag-lake-lifestyle","tag-lake-living","tag-lake-real-estate","tag-lake-real-estate-advice","tag-real-estate","tag-real-estate-advice","tag-real-estate-tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whiteboard Topics: Lake Real Estate: Seller&#039;s or Buyer&#039;s Market?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-lake-real-estate-sellers-or-buyers-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whiteboard Topics: Lake Real Estate: Seller&#039;s or Buyer&#039;s Market?\" \/>\n<meta property=\"og:description\" content=\"The lake real estate market is an interesting one. Unlike your typical market for real estate, this market is more niche. You also might be wondering if it is a market for sellers or buyers. Questions like these are very typical when it comes to this market specifically. Luckily, Lake Homes Realty&#8217;s CEO, Glenn Phillips, has the answer to this question. It all boils down to: which market are we still in? Truth be told, neither. We&#8217;re in an area where the sellers can have a little bit of an advantage if they price their homes appropriately. If you&#8217;re still&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-lake-real-estate-sellers-or-buyers-market\" \/>\n<meta property=\"og:site_name\" content=\"Lake Homes Realty Articles and Info - LakeHomes.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LakeHomesRealtyLLC\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-03T12:50:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-05T14:17:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/07\/WW-Lake-7.3.24-Thumbnail-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zac Parnell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" 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