Property Valuation
An appraiser studying market conditions in Tacoma notes that residential properties are selling in less than 7 days with multiple offers. This market condition is described as a:
ABuyer's market
BBalanced market
CSeller's market✓ Correct
DStagnant market
Explanation
When properties sell quickly with multiple competing offers above asking price, it is a seller's market — there are more buyers than available properties, giving sellers pricing power and favorable conditions.
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