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Question:
What are the different types of markets?
Author: Tangled SenseAnswer:
Seller's market - the number of buyers wanting properties exceeds the supply - properties sell quicker, rising prices, and many buyers looking - more offers to choose from Buyer's market - the supply of properties on the market exceeds demand. - longer selling periods, fewer buyers compared to properties available. stabilized or declining prices. - Balanced Market
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Alternative answers:
Balanced market - the number of properties on the market equals the demand.
- properties selling within a reasonable time.
- prices stabilized
- relaxed