sellers' market
Definition
Noun: A market condition characterized by an excess of demand over supply. In this situation, sellers have an advantage because buyers are competing for a limited quantity of goods or services. This typically allows sellers to charge higher prices and set more favorable terms.
Usage
This term is used to describe economic and commercial conditions. It is the opposite of a "buyers' market." * The shortage of new housing has created a sellers' market in real estate. * During the product launch, it was clearly a sellers' market as customers waited in line for hours.
Advanced Usage
- To be in a sellers' market: Describes the state of a specific sector.
- Due to the global chip shortage, manufacturers of semiconductors are in a sellers' market.
- Shift to a sellers' market: Describes a change in market dynamics.
- The sudden increase in demand has caused the industry to shift from a buyers' to a sellers' market.
Variants and Related Words
- Seller's market: A common alternate spelling without the apostrophe after the 's'. Both "sellers' market" (plural possessive) and "seller's market" (singular possessive) are widely used to convey the same concept.
- Buyers' market (n.): The opposite condition, where supply exceeds demand, giving buyers the advantage.
Synonyms
- Supplier's market
- Shortage market
Antonyms
- Buyers' market
- Buyer's market
- Oversupplied market
Noun
- a market in which more people want to buy than want to sell
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