A housing market with a limited demand and large supply is often known as

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Multiple Choice

A housing market with a limited demand and large supply is often known as

In real estate, market conditions hinge on supply and demand. When there is a large supply of homes but limited demand, buyers have more choices and negotiating power, often leading to lower prices or favorable terms for buyers. That situation is described as a buyers market. It contrasts with a seller’s market, where high demand and tight supply give sellers the upper hand, and a balanced market, where supply roughly matches demand. A hot market is an informal way of describing a very active seller’s market with rapid price increases. In the scenario given, the combination of plenty of inventory and few buyers fits a buyers market.

In real estate, market conditions hinge on supply and demand. When there is a large supply of homes but limited demand, buyers have more choices and negotiating power, often leading to lower prices or favorable terms for buyers. That situation is described as a buyers market. It contrasts with a seller’s market, where high demand and tight supply give sellers the upper hand, and a balanced market, where supply roughly matches demand. A hot market is an informal way of describing a very active seller’s market with rapid price increases. In the scenario given, the combination of plenty of inventory and few buyers fits a buyers market.

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