In real estate, what implies a condition with more sellers than buyers?

A buyer's market refers to a condition in real estate where there are more sellers than buyers. This imbalance typically leads to lower prices, as sellers may need to compete more aggressively to attract buyers. When supply exceeds demand, buyers find themselves in a stronger negotiating position, enabling them to secure favorable terms, such as lower prices or additional concessions.

In this scenario, the presence of a larger number of homes for sale compared to interested buyers creates a surplus of inventory, which puts downward pressure on prices. Buyers may exhibit more choices and leverage when making offers, as they are not rushed to make decisions in a competitive environment.

In contrast, other market conditions such as a seller's market, where demand exceeds supply, would typically involve rising prices and less negotiation power for buyers. A depressed market refers to a broader economic condition with declining property values and reduced transactions, while an emerging market relates to areas experiencing growth and development but does not specifically capture the dynamics of supply and demand in relation to buyers and sellers.