How to Assess a Buyers Market vs Sellers Market

[Chow Ahmed]

Hello BP!

What are some resources you can utilize to determine whether a market is currently a buyers vs sellers market?

So far I try to look up the rate of new builds vs the rate of homes closing by way of Googling. I'm not sure if this is leading me to the right places thus I am wondering if you might have some good resources? I am interested specifically in North Carolina (e.g. Charlotte, Raleigh) and Georgia (e.g. Atlanta and area). Based on what I'm told, both of these markets are a sellers market right now, but I'm struggling to find the right place to make this assessment myself.

Background: I am a newbie on the hunt for my first purchase ever. It will be a buy-and-hold, out-of-state investment property.

Thanks a ton!