This is the condition that exists when under competitive conditions, the schedules of supply and demand are such that market prices are at relatively low level, giving the buyers an advantage; an oversupply causing prices to decline. Other definitions of ‘Buyers’ Market’ on the web are:
- A market condition that occurs in real estate where more homes are for sale than there are interested buyers – monstermoving.com/FindA_Place/Glossary/
- Market conditions that favor buyers i.e. 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 – https://mortapps.iucu.org/LoanComplete/library/dictionary.html
- Market conditions that favor buyers – amortgagepro.com/04gloss/
- A market condition which occurs in real estate where more homes are for sale than there are interested buyers – way2gohome.com/way2gohome/glossary.htm
- A market condition which occurs in real estate where more homes are for sale than there are interested buyers – hillrealty.org/definitions.html
- Market conditions that favor buyers. With more sellers than buyers in the market, buyers have ample choice of properties and can negotiate lower prices.
