Prices tend to drop in this type of market. Your home may take longer to sell. Less negotiating leverage in terms of selling prices. The number of buyers wanting homes exceeds the supply or number of homes on the market. Smaller inventory of homes.
Homes sell quickly.
Prices usually increase. May have more negotiating leverage and obtain a higher selling price for your property. The number of homes on the market is equal to the demand or number of buyers. Demand equals supply. Homes sell within an acceptable time period.