A balanced market refers to a market condition in which the supply of homes for sale is roughly equal to the demand from buyers. In a balanced market, neither buyers nor sellers have a significant advantage over the other, and home prices tend to remain stable.

A balanced market typically has a moderate level of activity, with homes selling at a steady pace and with a reasonable amount of time on the market. Sellers can typically sell their homes for a fair price without having to make significant concessions, while buyers can find properties that fit their budget without facing intense competition or feeling pressured to make a quick decision.



Overall, a balanced market is considered a healthy and stable real estate market, as it allows both buyers and sellers to make informed decisions and negotiate terms that are reasonable and fair for both parties. However, a balanced market can be challenging for real estate agents who may need to work harder to differentiate themselves and stand out in a market that is not characterized by significant fluctuations or extremes.