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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Seller's Market


Synonyms:easily sold, profitable, seller's advantage
Filed Under: financial-banking, real-estate
Tags: banking, realty
 

Definition of seller's market

seller's market
1. When market conditions favour the seller. A seller's market can arise from a low level of supply, a high level of demand, or a combination of the two. As it relates to real estate, the occurrence of a seller's market usually means that the seller can expect for their home to sell quickly at or above market value.

Related Terms and Acronyms:

  • appraised value   An educated opinion of how much a property is worth.
  • bear market   When stock prices are decreasing, it's a bear market.
  • bull market   When stock prices are increasing and it's a healthy market, this is known as a bull market.
  • fair market value (FMV)   The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • market conditions   Factors that affect the sales of homes in an area, such as interest rates, the unemployment rate, home appreciation, weather and time of year.
  • market value (MV)   Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
  • property value   The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
  • real estate (RE)   A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
  • secondary market   A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.
  • security   A tradable financial implement that represents ownership, the rights to ownership or debt.

More Related Terms and Acronyms

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