In real estate, how is "flexible market" conditions primarily determined?

Flexible market conditions in real estate are primarily determined by the balance of supply and demand within the market. This balance reflects how many properties are available (supply) compared to how many buyers are looking to purchase (demand).

When demand exceeds supply, the market typically becomes more favorable to sellers, leading to increased prices and competitive bidding situations. Conversely, if supply outweighs demand, buyers may have more negotiating power, resulting in lower prices and possibly a buyer's market.

Understanding this relationship is crucial for real estate professionals as it influences pricing strategies, marketing efforts, and the overall approach to buying and selling properties. While other factors, such as interest rates, advertising, and government regulations, may influence the market, the fundamental driver of flexible market conditions remains the dynamics of supply and demand.