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Related to buyer's market: sellers market
A market situation in which lower prices prevail due to excess supply and a shortage of demand. A buyer's market may occur in one particular sector or across the wider economy. For example, if there are 10 houses in a neighborhood and eight of them are up for sale, it is likely that their prices will race toward the bottom. This means that a prospective homebuyer looking in that area will almost certainly find a good deal on a house. See also: Seller's market.
buyer's marketa MARKET situation characterized by the temporary excess supply of a GOOD or SERVICE often leading to cutthroat price competition. In such markets BUYERS are advantageously placed to obtain price concessions. Compare SELLER'S MARKET.
buyer's marketa SHORT-RUN market situation in which there is EXCESS SUPPLY of goods or services at current prices, which forces prices down to the advantage of the buyer. Compare SELLER'S MARKET.
A market with more properties for sale than can reasonably be expected to be purchased by the available demand. As a result, sellers will have to compete against each other to attract buyers and will usually do so by lowering prices.