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Are we in a Buyer’s Market

The heat wave that characterized much of August seems to have broken and the cool weather of the fall is on the horizon. The cooling of the Real Estate market has continued and I’m frequently asked “What exactly is a buyer’s market?” and “What does that mean for me?” There is one simple answer and one much more complex. A Buyer’s market is one in which an increase in inventory and a decrease in demand, along with other market indicators, causes sellers to lower their prices…