A sellers' versus buyers' market
Category Burning question
Answer: Oni Mdumela, Partner Principal of Property to Link, explains:
Sellers determine property prices when it is a sellers' market.
This usually happens when the interest rate drops and more people (buyers) enter the property market.
Buyers determine property prices when it is a buyers' market.
This usually happens when the interest rate increases (goes up) and there are lots of properties in the market.
Author: Machelene Joubert