Buyer’s Market

A buyer’s market occurs when there are more sellers than buyers for a product or service, leading to increased competition among sellers. This oversupply often drives prices down, giving buyers more negotiating power and better deals. It typically happens in real estate, but can occur in various markets. For example, if there are many homes for sale but few people looking to buy, sellers may lower prices to attract buyers. In essence, a buyer’s market favors those purchasing, as they have more options and often lower prices to choose from.