seller's markets
Buyers compete fiercely
Seller's markets are economic conditions where demand exceeds supply, giving sellers the advantage.
When goods or properties are scarce relative to buyers, sellers can command higher prices and favorable terms.
The phrase appears most often in real estate: It's a seller's market—houses are going for well above asking price.
The opposite is a buyer's market.
- take it or leave itNon-negotiable final offer
- competitive biddingRivals offering prices
- cash buyersPurchasers paying without loans
- real estate boomRapid housing market growth
- bidding warsCompeting buyers raising prices
price sensitivity · scarcity · multiple offers · premium pricing · inventory control · herd mentality · inflation · price wars · housing shortage · limited-time offers · dynamic pricing · monopoly power · trade imbalance · asking price · supply and demand · resource allocation