Ray White Now 2022 - May New Zealand - Page 14

WHAT ARE WE SEEING IN THE MARKET RIGHT NOW ?

Several factors drive real estate markets ; however , the two basic fundamentals of supply ( the number of total properties for sale ) and demand ( the number of buyers active in the marketplace ) play a significant role in establishing market conditions that favour sellers or buyers . In general terms , when supply is low , and demand is high , conditions are favourable for sellers . Conversely , when supply is high , and demand is low , conditions are favourable for buyers by offering more selection and breathing room . Allowing buyers more time to do their due diligence and make an educated decision on their future property .
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