Are we in a Buyer's market or Seller's market? That is one of the most frequent questions I get. And it is a good one. If you are getting into the market or out of the market, you should have some idea of what you are dealing with as it will affect your strategy whether you are buying or selling. First, let's define what a Buyer's or Seller's market is.

The spring housing market is typically the busiest time of year for real estate. However, this year, house hunters will have even less to look at due to a ‘perfect storm’ of market conditions squeezing an already tight supply even tighter.