Buyers Market Vs. Sellers Market

[Nick J.]

I wanted to take this opportunity to open a discussion on what you think a buyers market is compared to a sellers market.

I personally don't believe there is such a thing as a buyers market.

The way I think is this, Regardless of if the housing market is strong or weak, this or that, its never really a buyers market and that term is made up.

The seller determines if they want to or will sell at a particular price. Although your property is only worth what someone is willing to pay for it doesn't mean you have to sell it at that price. Sure, some motivated sellers sell at a deep discount but that doesn't mean it's a buyers market.

I've always believed that Real Estate is always a sellers market, whether they(the sellers) are selling discounted compared to a recent sale(s) or not, it is still their choice therefore it's always and will always be a sellers market.

What do you think/believe?

Without getting hijacked or turning this into a political discussion I would like to hear your philosophy between the two. Do you believe that just because sellers are selling at a perceived discount that it is a buyers market or do you believe the same as I and the term 'buyers market' is a term used to spur purchases and growth?