Seller Market I (SMI)

Supply dwindles, property selling fast, time on market at lowest point, property prices and rent rising, demand at its highest point.

Seller Market II (SMII)

Time on market increases, supply increases, seller waiting but still get inflated prices, construction pipeline excessive, business and job growth slow.

Buyer Market I (BMI)

Market still oversupplied, prices and rents falling, time on market increasing, new construction stagnant, unemployment reaches height, foreclosures rise sharply.

Buyer Market II (BMII)

Market absorbs oversupply, time on market decreases, job growth increases, existing properties rehabbed, prices and rents begin to slowly increase.