A market condition in which there are many homes to choose from because prices are remaining lower and properties are listed on the market for longer.<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-2859","encyclopedia","type-encyclopedia","status-publish","hentry"],"acf":{"custom_title":"What is a buyer's market?","why_important":"
A buyer’s market describes real estate market conditions that are favourable to buyers. In this market, buyers have more power in negotiating making it the best market for purchasing new properties.<\/p>\n
If looking for a new home in a buyer’s market, there will be many options with reasonable prices to choose from. Many of these may have been on the market for an extended period of time perhaps creating a price drop.<\/p>\n","examples_of":"
In the years directly after the U.S.-housing crash in 2008, there were many buyers’ markets in the United States, as property listings flooded the market, which put downward pressure on prices.<\/p>\n"},"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/2859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}