Meaning of the word "buyer’s market" in English

What does "buyer’s market" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

buyer’s market

US /ˈbaɪərz ˌmɑːrkɪt/
UK /ˈbaɪərz ˌmɑːrkɪt/
"buyer’s market" picture

Noun

1.

a market in which there are more sellers than buyers, so that buyers have an advantage and can buy goods or services at lower prices

Example:
It's a buyer's market for real estate right now, so you might get a good deal.
When supply exceeds demand, it creates a buyer's market.
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