Business Glossary
SEARCH THE BUSINESS GLOSSARY
market situation that is the opposite of a seller's market . Since there is more supply of a security or product than there is current demand, the prices tend to fall allowing buyers to set both the price and terms of the sale. It contrasts with a seller's market, characterized by excess demand, high prices, and terms suited to seller's desires.
In general: situation in which supply exceeds demand.
In real estate: situation where buyers have a wide choice of properties and may negotiate lower prices; often caused by overbuilding, local population decreases, or economic slump.
situation where buyers have a wide choice of properties and may negotiate lower prices. Often caused by overbuilding, local population decreases, or economic slump.
Example: Abel can purchase properties below their appraised values because of the existence of a buyer's market.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
