Definition: A buyer's market exists when there are a lot of homes on the market and very few buyers competing for that inventory. Typically, an inventory of more than six months of homes is considered a buyer's market. When inventory rises, buyers have more choices and can take more time to choose. In addition, prices typically fall to meet the demands of the buyers.
Buyer's Markets - What is a Buyer's Market
By Elizabeth Weintraub, About.com
Explore Home Buying / Selling
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