Buyers market definition

Last modified July 10, 2023

A buyer's market is a situation in which housing supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. Buyer's Market is commonly used to describe real estate markets. It means that the advantage go to the Buyers in the negotiations because there are more houses for sale than Buyers. This is a great market for 1st time homebuyers because the Sellers are anxious to sell thier property.