Staging works in any market.
If there are a lots of homes listed, and only a few buyers. This is what's called a buyers market. If this is the case, then yours better stand out from the others. Because most buyers will only be looking at two maybe three property's within their property type and the price range. Why? Because house hunters are only going to bother to visit their favourite three listings.
Staging ensures that you get people turning up at the home opens. Whilst poorly presented property's have the agents wondering where all the buyers are..
When the real estate market is slow, the results from staging are most likely to be that you get nearer to your asking price. Why is this? Because a perfectly presented property has the ability to cut through the logical decision making process and decisions are based on emotions. Price is not the deciding factor, but lifestyle is.
Staging in a steady or heated market is where you see vendors selling for 5-10 per cent higher than every logical explanation says the results should be. The results from staging is that the sale price will more that likely be above expectations. When you stage you bring more of that market to your property. Buyers fall in love with your property.