Definition

1. Noun:
   • A market condition characterized by excess demand over supply: A "seller's market" is an economic situation where the number of buyers wanting to purchase a good or service exceeds the number of sellers offering it. This imbalance gives sellers an advantage, often allowing them to raise prices and sell quickly.

Usage

• The term is used to describe general market conditions in economics, business, and real estate.
• It is typically used with verbs like , , , or .
• It often appears in contexts discussing housing, commodities, or specific industries.

Examples

• Noun:
  • With so few homes available, it has become a definite seller's market.
  • The sudden popularity of the product created a seller's market, allowing manufacturers to increase their profits.
  • Investors are looking for sectors that are turning into a seller's market.

Advanced Usage

• "to be in a seller's market": To exist or operate within such market conditions.
  • For the past two years, the downtown condo sector has been in a seller's market.
• "to shift/transition to a seller's market": To change from a balanced or buyer-favorable market to one favoring sellers.
  • Low construction rates and high demand are causing the region to shift to a seller's market.

Variants and Related Words

• Seller (n): A person or entity that offers goods or services for sale.
• Market (n): An arena, either physical or conceptual, where buyers and sellers interact to trade goods and services.
• Buyer's market (n): The opposite condition, where supply exceeds demand, giving buyers an advantage.

Synonyms

• Vendor's market: A less common synonym with the same meaning.
• Shortage market: Emphasizes the lack of supply relative to demand.

Antonyms

• Buyer's market: A market condition where supply exceeds demand, giving buyers the advantage to negotiate lower prices.

Noun

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