Definition of real estate market

potential buyers and sellers of real property at the current time; also, current transaction activity for real property. This includes markets for various property types, such as housing market, office market, condominium market, land market.

the potential buyers and sellers of real property at the current time, and the current transaction activity for real property. It includes markets for various property types, such as housing market, office market, condominium market, land market.

Example: The local real estate market is very active. There have been a record number of sales and there still are many properties on the market.