A market condition where supply and demand are roughly equal, giving neither buyers nor sellers a distinct advantage. Homes sell in a reasonable timeframe at close to their listed price. Conditions are typically included in offers, and negotiations happen without the pressure of bidding wars. Characterized by an MOI of 4 to 6 months and an SNLR between 40% and 60%.
Why It Matters
A balanced market is the Goldilocks zone -- fair for both sides. Buyers can take a measured approach without panic, and sellers get reasonable value without unrealistic expectations. Most real estate advice assumes a balanced market, so recognizing when you're actually in one helps you calibrate your strategy.
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