Most of us have heard about “a seller’s market” or “a buyer’s market”. These terms refer to the laws of supply and demand as they apply to the real estate market. A buyer’s market indicates that the supply of available houses on the market exceeds the near term demand. A seller’s market is one where the supply of houses on the market is less than the near term demand. Near term demand is considered the number of houses on the market related the number of homes sold in the past month. At the present time, this relationship in Tarrant County is about 5.9. A number of 6.0 is considered neutral – neither a buyer’s market nor a seller’s market.