What's difference between "seller's market" and "buyer's market"?

[Account Closed]

Which one is better? Whats the difference?

[Russell Brazil]

This is generally meant as a dividing line in inventory.

6 months of inventory or more is considered to be a buyers market. There are more homes for sale than buyers to buy them.

Less than 6 months of inventory is considered a sellers market. There are more buyers than there are home for sale.

1 month of inventory means it would take on average 1 month for all current listed homes to sell if no other ones came on the market.