When we talk about the real estate market, it’s easy to lump everything together. Headlines often declare, “It’s a seller’s market!”—but the reality is far more nuanced. That’s what we’re diving into in today’s Market Minute: the concept of markets within markets.
Looking at July’s numbers, there were 216 sales in total. Of those, 166 were under $500,000, only 48 were over $500,000, and just one sale topped $1 million. At first glance, these figures might suggest a clear trend—but if you dig deeper, you’ll see there’s more going on.
Even though inventory is generally low and demand remains high, not all price ranges behave the same way. Certain price points have enough homes available to create a balanced market—and in some cases, even a buyer’s market. This means that while sellers may dominate in some segments, buyers still have real opportunities in others.
Understanding these “markets within markets” is crucial whether you’re buying or selling. For sellers, it highlights which price points are in high demand. For buyers, it reveals where you might find leverage, more options, and less competition.
By paying attention to these nuances, you gain a better understanding of your local market and can make smarter, more strategic decisions.
Watch the video to see exactly where the balance is shifting and how you can use this knowledge to your advantage.
Looking at July’s numbers, there were 216 sales in total. Of those, 166 were under $500,000, only 48 were over $500,000, and just one sale topped $1 million. At first glance, these figures might suggest a clear trend—but if you dig deeper, you’ll see there’s more going on.
Even though inventory is generally low and demand remains high, not all price ranges behave the same way. Certain price points have enough homes available to create a balanced market—and in some cases, even a buyer’s market. This means that while sellers may dominate in some segments, buyers still have real opportunities in others.
Understanding these “markets within markets” is crucial whether you’re buying or selling. For sellers, it highlights which price points are in high demand. For buyers, it reveals where you might find leverage, more options, and less competition.
By paying attention to these nuances, you gain a better understanding of your local market and can make smarter, more strategic decisions.
Watch the video to see exactly where the balance is shifting and how you can use this knowledge to your advantage.
Check out the full market update for your area HERE.