What is a likely consequence of a "seller's market"?

In a "seller's market," the demand for homes exceeds the supply. This imbalance leads to improved selling conditions for property owners, as they can set higher prices and often receive multiple offers on their properties. Buyers are typically more willing to accept the seller's terms, which can include quicker closing timelines or waiving certain contingencies.

When a market favors sellers, it reflects greater competition among potential buyers, enhancing the overall conditions for property owners trying to sell. As a result, sellers may experience less pressure to make extensive repairs or concessions, and they are more likely to achieve favorable sales conditions that align with their expectations and goals.