A buyer’s market
Definition 1 of 1
Pro Tip 1/3
Economic Cycle
This phrase often relates to economic trends, understanding it requires knowledge of market conditions. During the recession, it became a buyer's market for cars.
Pro Tip 2/3
Negotiating Power
Buyers have more power to negotiate for lower prices or better terms in a buyer's market. You can negotiate a great deal on the appliance since it's a buyer's market.
Pro Tip 3/3
Not Always Favorable
While it sounds positive, sellers facing a buyer's market might need to lower expectations. Sellers are unhappy since it's a buyer's market for real estate right now.