In real estate, a buyer's market is a market condition in which the supply of homes exceeds the demand from buyers. In a buyer's market, there are more properties available for sale than there are buyers looking to purchase them, which often results in lower prices and more favorable terms for buyers.

When there is a buyer's market, home sellers may find it more difficult to sell their properties, and they may need to reduce their asking prices or offer incentives to attract buyers. On the other hand, buyers have more leverage to negotiate better prices, lower interest rates, or other favorable terms of sale.



Overall, a buyer's market can be advantageous for those looking to purchase a home, as it offers more choices and often more bargaining power. However, it can be challenging for sellers who may need to be more flexible in their expectations to attract buyers.