Seller's Market

Definition: A market condition in which buyer demand is strong relative to available supply, generally increasing sellers' negotiating leverage.

Example

Several qualified buyers compete for a limited number of suitable homes.

Keep the distinction clear

A seller's market does not guarantee any asking price or remove appraisal, financing, inspection, or disclosure issues. Conditions can vary by neighborhood and price range.

Related terms

Buyer's Market · Supply · Market Value

Keep studying

CMA vs. Appraisal: What Is the Difference?

References: California DRE: real estate glossary

Pronunciation (US): SEL-erz MAR-kit (capitals show stress)

Pronunciation reference: Merriam-Webster