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

When there is a seller's market, home sellers may receive multiple offers, and properties may sell quickly at or above their asking price. Buyers, on the other hand, may face more competition and may need to act quickly and make strong offers to secure a property.



Overall, a seller's market can be advantageous for those looking to sell their homes, as it often results in higher prices and faster sales. However, it can be challenging for buyers, who may need to act quickly and may face more competition and higher prices.