What Is A Stratified Market? All You Need To Know As A Buyer Or Seller In Arlington

If you are buying or selling a house this year in Arlington, you may be trying to wrap your head around all the real estate jargon. You've probably heard of a buyer's market and a seller's market(buyer's market benefits buyers, and seller's market benefits sellers). But, have you heard of a stratified market? The term "stratified market" means a city or town that isn't categorized as just a buyer's market or seller's market--it can show varying levels of supply and demand in different areas based on price range. Some parts of a city can vary drastically in home values, types of homes, and whether people are moving in or out. For example, when a huge number of wealthy buyers start picking up (1 million-plus) homes, it creates a seller's market, but at the same time modest homes below $500,000 start experiencing slugging sales, thereby creating a buyer's market. This can be classified as a stratified market because both things are happening at the same time and in the same metro area. Knowing this information is not only helpful for real estate agents but it also helps you get the best deal on a home purchase or the sale of your current one. As a seller or buyer in Arlington, getting the most out of a stratified market is a matter of knowing which segment you fall into. So when deciding on offer strategy or asking price, ensure that you're comparing your home or potential home to the right type of properties in the relevant neighborhood in Arlington.

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