Video Summary
What is a stratified market? A stratified market is whenever you have houses that are trading or selling very rapidly in two different price areas. By way of example, you could have a stratified market whenever houses in the range of $150,000 or less are, are selling very rapidly. And the supply is very limited as well as houses that are selling in the 900,000 and up category, which is also selling very rapidly and the inventory is very low. So that is a strategy. And then they’re both these markets are in the same market area. So you have two different price ranges of houses in the same market area that are both selling very rapidly. And so that’s what you have when you have a stratified market, is that you have two different price range of houses that are moving very quickly in the market. Some from the time they’re listed, till the time they’re sold.