Image
  • Log In | Register
  • The Team
    • The Team
  • Cities
    • Bandera
    • Center Point/Camp Verde
    • Comfort
    • Fredericksburg
    • Harper / Doss
    • Hunt
    • Ingram
    • Junction
    • Kerrville
    • Medina
    • Mountain Home
    • Rocksprings
  • Our Listings
    • Featured Listings
  • Property Types
    • Commercial
    • Farm & Ranch
    • Featured Listings
    • For Lease
    • Lots
    • Recently Listed
    • Residential
    • Water Access
    • Water Feature
    • Waterfront
  • Area Info
    • Buyers
    • Sellers
  • Contact

Hot, Normal, and Cold Markets

Key & Key RealtyNovember 1, 2016

HOT MARKET

This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and more often than not, homes will sell for more than the asking price. It is even more crucial to be prepared and to be ready as a buyer when the market is hot. It can be easy to get caught up in the bid for a home, but if you are prepared (pre-approved, solid in price range, realistic about your needs), it is easier to remain focused on your housing needs and price range.

NORMAL MARKET

In a normal market, there is a fairly large number of homes available and an average number of buyers. This market does not necessarily favor the buyer or the seller. A seller may not have as many offers on their home, but he or she may not be desperate to sell either. Again, it is the buyer’s responsibility to be prepared. During a normal market, the chances to negotiate are higher than in a hot market. As a buyer, you can expect to make offers at lower than the asking price and negotiate a price at least somewhat less than what the sellers are asking.

COLD MARKET

In a cold market, houses may be listed for more than a year and the prices of houses listed may drop considerably. This market is advantageous to the buyer. As a buyer, you have the time to make an offer that works to your best interest. It is not uncommon to low-ball and to find that sellers are accommodating to meet your needs. Keep in mind that even though this market is a great time for buyers, you do not want to lose your dream home by being unrealistic. Your goal is to get your dream home at the best possible price.

Sign up for Property Email Alerts
Get Property Alerts

Disclaimer

The information contained in our website is believed to be reliable but is not guaranteed. Prices and details subject to change without notice. We make every effort to maintain this website to have current, accurate information. However, we cannot warrant the accuracy of the information contained in our website. This includes, but is not limited to, information contained in our website and information contained in websites that are linked to our website. Those relying on this information are advised to conduct full due diligence on any and all matters of importance to them.

Real Estate Services

Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Services

Copyright ©2025 Key & Key Realty. All Rights Reserved.
Site by Josh Motlong.

  • The Team
    • ← Back
    • The Team
  • Cities
    • ← Back
    • Center Point/Camp Verde
    • Comfort
    • Fredericksburg
    • Harper / Doss
    • Hunt
    • Ingram
    • Junction
    • Kerrville
    • Mountain Home
  • Our Listings
    • ← Back
    • Featured Listings
  • Property Types
    • ← Back
    • Commercial
    • Farm & Ranch
    • Featured Listings
    • For Lease
    • Lots
    • Recently Listed
    • Residential
    • Water Access
    • Water Feature
    • Waterfront
  • Area Information
    • ← Back
    • Buyers
    • Sellers
  • Contact
  • Log In | Register

Sorry we are experiencing system issues. Please try again.