a buyer's market


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a buyer's market

An economic situation in which supply is greater than demand, thereby resulting in lower prices, more choices, and greater leverage for the buyer. The opposite is called a seller's market. The recent advances in solar-panel technology have made it a buyer's market for those looking to integrate solar energy into their homes or businesses. I'd keep renting for now—if the real estate bubble bursts again, it will become a buyer's market for houses.
See also: market

a ˌbuyer’s ˈmarket

a situation in which there is a lot of a particular item for sale, so that prices are low and people buying have a choice: We got a very good deal on our new car — it really is a buyer’s market at the moment. OPPOSITE: a seller’s market
See also: market