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
References in periodicals archive ?
"More aggressive pricing is now the order of the day, which means that conditions are ripe for a strong buyers' market in the second half of 2010."
"But sellers, too, must understand the new buyers' market in order to exact the right terms and escape clauses".
Everyone loves a "buyers' market," where sellers jockey for position by offering the lowest possible price.
Over-capacity also means it is a buyers' market for the ministry and forestry companies.
The one downside to the report could be what is happening to the first-time buyers' market.
She adds that the first-time buyers' market is still strong, but believes the March 24 deadline for the end of the stamp duty-free period for first-time buyers on properties under pounds 250,000 has boosted activity.
Rightmove warned that conditions were rapidly shifting to become a buyers' market, and it expects house prices to lose all of the gains they have made so far in 2010 during the second half of the year.
But despite their increased optimism, people still think it is a buyers' market, with 71 per cent claiming it is currently a good time to buy a property..
BUYERS' MARKET: With cars such as Peugeot's 308, above, in the showrooms, dealers are offering discounts on many models such as the Citroen C5, below left and the Mini Cooper D, below right