What Is Buyer's Market?
A buyer's market occurs when available inventory outpaces buyer demand, typically giving buyers more negotiating power, longer days on market, and more price flexibility from sellers.
Buyer's Market vs. Seller's Market
Supply exceeds demand — buyers have more negotiating leverage, homes sit longer, and price reductions are more common.
Demand exceeds supply — sellers have more leverage, homes sell faster and closer to (or above) asking price, and multiple-offer situations are more common.
Months of housing supply and median days on market are two of the clearest signals for telling which one a given local market is in.
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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