is a buyer's market?
A market condition which occurs in real estate where more homes
are for sale than there are interested buyers.
Market conditions that favor buyers ie there are more sellers than
buyers in the market. As a result buyers have ample choice of properties
and may negotiate lower prices. Buyers markets may be caused by
an economic slump or overbuilding.
A period existing in the real estate market, whereas the number
of available homes exceeds the number of buyers actively searching
for a home. Such a condition could potentially favor the buyer because
home sellers must remain flexible in their pricing and contract
requirements in order to compete with the large volume of other
A situation, which favors the buyer due to more houses being on
the market than the number of interested or able buyers. Motivated
sellers then tend to reduce their price.
When the demand for property is less than the supply so advantages
shift to the buyer during negotiations.