The Weekly Wednesday: Welcome to the Job Seekers Market (Sellers Market)

How to Maximize Your Next Contract Over the Next Six Weeks

A seller's market and a buyer's market

refer to the balance of supply and demand in real estate (or any other market with negotiations). Here’s a breakdown of a Seller’s Market:

Seller’s Market (Real Estate Example) 🏡🔥

• Definition: A market condition where demand exceeds supply—there are more buyers than available properties.

• Characteristics:

  • Homes sell quickly and often receive multiple offers.

  • Prices tend to rise due to competition.

  • Sellers have the upper hand in negotiations.

  • Buyers may need to offer above asking price or waive contingencies (e.g., inspections, appraisals) to secure a deal.

• Causes:

  • Low inventory of homes.

  • A strong economy and job market.

  • Low interest rates increase buyer demand.

  • High population growth in an area.

• Best Strategy:

  • For sellers: Price competitively and maximize profit.

  • For buyers: Act fast, get pre-approved, and make strong offers.

You're in a seller’s market for labor, meaning a job seeker’s market. Here’s why:

• Recruitment season is almost over

• Employers have multiple positions to fill in a few weeks

• Likely fewer available candidates

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