Buyers: Market Trends Checklist

"Buying a home feels like a huge undertaking, but with the right support and resources, the journey becomes easier-- and you'll soon be stepping into the home of your dreams."

1. Study Market Reports

• Review monthly and quarterly housing market reports from trusted sources such as the National Association of Realtors (NAR) or your local real estate board.

• Pay attention to median home prices, inventory levels, and days on market—these are key indicators of buyer vs. seller market conditions.

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2. Track Interest Rates

• Monitor mortgage rate changes from lenders and financial news outlets.

• Even small rate shifts can impact monthly payments and affordability, which can influence market demand.

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3. Analyze Supply & Demand

• High demand + low supply often means rising prices and competitive offers.

• High supply + low demand may lead to price drops and more room for negotiation.

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4. Watch Local Trends

• Look beyond national headlines—real estate is hyperlocal.

• Check neighborhood-specific sales data, upcoming developments, school district changes, and local economic growth.

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5. Consider Seasonal Patterns

• Historically, spring and early summer see more listings and activity, while winter may bring less competition but also fewer homes for sale.

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6. Monitor Days on Market (DOM)

• Short DOM = high competition (sellers’ market).

• Longer DOM = potential opportunities for negotiation.

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7. Evaluate Price Reductions

• A growing number of price cuts can signal a cooling market.

• This may give buyers more leverage and negotiating power.

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8. Consult a Local Real Estate Agent

• An experienced agent can interpret raw data, compare it to historic trends, and provide insight into current buyer competition.

Contact Us Here at John Knows Jax Homes. We can help.