If you’re buying or selling a home in Lake City this year, you’re probably already familiar with the terms buyer’s market and seller’s market.
But what is a stratified market?
Here’s what you need to know.
What is a Stratified Real Estate Market?
A stratified real estate market is an area that’s neither a buyer’s market nor a seller’s market. It’s a little bit of both. Usually, in a stratified market, there are differing levels of supply and demand in different areas. Sometimes, even in similar areas, there are different levels of supply and demand within distinct price ranges, too.
The bottom line is that some parts of a city can vary significantly when it comes to home prices. In some places, $200,000 homes are selling like hotcakes – but $600,000 homes are sitting stagnant (or vice-versa).
Are You Buying a Home or Land for Sale in Lake City?
If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.
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- Short sales in Columbia County
