Sold house sign on house in a sellers market. Going into 2021, economists and industry players project home prices will continue rising by 5.7% in 2021 and that the seller’s market will continue for the foreseeable future. A seller's market is when there are more people buying houses than houses for sale. If you’re buying in a sellers market, you’ll encounter higher prices and increased competition, and be expected to make quick decisions. Keep in mind that a sellers market can put pressure on buyers to buy a home quickly, without being sure it’s the right one.

Source: Forbes January 10, 2021 00:22 UTC