Housing markets refer to the buying and selling of residential properties, including houses and apartments. These markets can vary significantly based on location, economic conditions, and demand. Factors such as interest rates, employment rates, and population growth influence housing prices and availability. In a strong housing market, demand often exceeds supply, leading to higher prices. Conversely, in a weak market, there may be more homes for sale than buyers, resulting in lower prices. Understanding local trends and conditions is essential for both buyers and sellers in navigating the housing market.