buyer's market

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Definition:
The term "buyer's market" refers to a situation in the market where there are more sellers than buyers. This means that there are many products or properties available, but not many people who want to buy them. Because of this imbalance, buyers have more choices and can often negotiate lower prices.

Usage Instructions:

• When to Use: You can use "buyer's market" when talking about real estate, retail, or any market situation. It is often used in discussions about shopping, housing, or investments.
• Form: "Buyer's market" is a noun phrase.

Example:

• "Right now, it’s a buyer’s market for houses, so you can find good deals and negotiate prices down."

Advanced Usage:

In real estate, a buyer's market can indicate a good time for purchasing properties because prices are lower and there are many options available.

Word Variants:

• Seller's Market: This is the opposite situation where there are more buyers than sellers, leading to higher prices.
• Market: A general term that refers to any area where buying and selling occur.

Different Meanings:

While "buyer's market" specifically refers to a market condition, the word "market" itself can refer to various contexts, such as a place where goods are sold or the overall economy.

Synonyms:

• Buyer-friendly market
• Favorable market for buyers
• Competitive market for buyers

Idioms and Phrasal Verbs:

• "To drive a hard bargain": This means to negotiate aggressively for a better price, which is common in a buyer's market.
• "Shop around": This means to look at different options before making a purchase, which is easier in a buyer's market due to the availability of choices.

Summary:

In summary, a "buyer's market" is a situation where buyers have an advantage because there are more sellers than buyers, leading to more choices and better prices.

Academic

Noun

1. a market in which more people want to sell than want to buy

Synonyms

• buyers' market
• soft market