Buyer's Market (Noun)
Meaning
A market in which more people want to sell than want to buy.
Classification
Nouns denoting acts or actions.
Examples
- The real estate agent warned her clients that it was a buyer's market, and they should be prepared to negotiate the price of the house.
- The glut of apartments on the market made it a buyer's market, with many landlords offering discounts and incentives to attract tenants.
- In a buyer's market, the power shifts from the seller to the buyer, allowing them to make lower offers and negotiate better terms.
- The economic downturn had created a buyer's market, with many businesses struggling to find customers and willing to make concessions to secure sales.
- The company's decision to launch a new product during a buyer's market proved to be a mistake, as consumers were hesitant to spend money on non-essential items.