a real estate market where there is less number of properties for sale than the number of buyers, and therefore sellers have an advantage over buyers
When the market conditions are such that the sellers have the advantage and multiple offers are made.
A sellers market occurs when there are more buyers looking for homes than there are quality homes on the market. Buyers in a sellers market may have a more challenging time negotiating a contract because a seller of a quality home may have several back-up offers to which he or she can defer. Back