Real Estate Term
Buyer's Market
A market condition where supply exceeds demand, giving buyers more negotiating power.
What is Buyer's Market?
A buyer's market is a market condition where the supply of homes for sale exceeds buyer demand, giving purchasers more choice and stronger negotiating power. Homes tend to sit longer, price growth slows or falls, and buyers can more often include conditions like financing and inspection without losing the deal. It is the opposite of a seller's market and is measured using indicators like months of inventory and days on market.
Frequently asked questions
Related terms
Seller's MarketA market condition where demand exceeds supply, giving sellers more negotiating power.Comparative Market Analysis (CMA)An analysis of recently sold properties similar to the subject property, used to determine market value.Conditional OfferAn offer to purchase that includes specific conditions that must be met before the sale is finalized.Fair Market ValueThe price a property would sell for in a competitive market with willing buyers and sellers.
Ready to put this into practice?
Start your property search or connect with a local Sutton agent who can guide you through every step.