By the end of the slump phase, values are at their most affordable levels for that phase of the cycle. With property supply exceeding demand, buyers now have the negotiating edge. It takes longer and longer to sell property and agents have more Understand the Real Estate Cycle listings than in other phases of the real estate cycle.
As fewer properties sell during a slump than at any other time, investors will notice that the same real estate agents who happily ignored them during the boom now start to return phone calls. Some of the best property-buying opportunities arise during this period as vendors are motivated and purchasers have an extraordinary amount of control. Recovery As a market enters the recovery phase, the rental population starts to increase, resulting in a shortage of rental property.