A market which has more buyers than sellers. High prices result from this excess of demand over supply.

a real estate term to describe the situation of more buyers than available properties

When demand for property is greater than supply. The result is greater opportunity for owners to find buyers willing to pay asking price or greater for a property.

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