A seller’s market is
a market where the seller has
the upper hand or advantage. There are fewer homes available in a market where
there is a large pool of buyer’s. Oftentimes sale prices will rise in
this type of market. That is exactly what is happening in Nanaimo right
now. Buyer’s must act quickly by writing an offer on a home and may find
themselves participating in a multiple offer situation. Competing for
properties is often what pushes the prices up above the asking price. To
find out more about the Nanaimo Real Estate Market, call (778)
654-6374.
