A seller's market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller's market is a term commonly applied to the property market when low supply meets high demand.
Selling a home in a seller's market is far different from selling a home in a buyer's market. If you are lucky enough to be experiencing a seller's market in your area, it is indeed a fabulous time to sell. Not only will your days on the market be fewer, you might also receive multiple offers. This could drive up the sales price.