Buyer's market
A market with more homes for sale than buyers. Homes sit longer, prices soften, and buyers have more room to negotiate price and repairs.
Also called: buyers market
Related terms
A market with more buyers than homes for sale. Homes sell fast, often with multiple offers, and buyers may need to offer above list or waive conditions.
How many months it would take to sell every current listing at the recent pace of sales. Under about four to six months generally favors sellers; more favors buyers.
Money the seller agrees to put toward the buyer's closing costs, prepaid items or rate buydown. Loan programs cap how much a seller can contribute.
A cut to the list price after the home has been on the market. It usually signals the home was priced above what buyers would pay.
How long a home has been listed for sale. A high number can mean room to negotiate; cumulative DOM counts time across relistings.