What is a Buyer’s Market?

What is a Buyer’s Market?

Real estate can be a difficult playing field to predict, especially when it comes to a buyer’s versus a seller’s market. Lower prices mean a more relaxed time while higher prices skew the odds against you as a buyer. The question is, will 2021 be a better time for buyers or sellers? We’re defining a buyer’s market and what exactly that means for you and your next potential home.


What a Buyer’s Market Means

A buyer’s market is a time in real estate in which prices are lower, giving the buyer an advantage. This means that property competition is much more relaxed, allowing potential buyers more time to consider all options. Purchasing a home in a buyer’s market is a great investment. You could buy your home at the lowest price, wait a few years, then sell it at a higher price when the market changes. 2020 has definitely been the year of the seller’s market. Prices are high and many Americans are having a difficult time finding a home. The good news is that the tide may change in the next year or two once the pandemic has calmed down. Be sure to keep an eye out for dips in prices later down the line! A buyer’s market may be coming!

How to Handle a Buyer’s Market

Knowing what’s available on the market will give you an outstanding advantage during a buyer’s market. Because costs and competition will be so much lower, you’ll have more flexibility to negotiate. Pay attention to how long a house has been on the market. The longer it’s been available, the more leverage you’ll have in negotiating. Make sure to also look into how the home you’re interested in compares to others on the market. If you notice that the home you’re interested in sells for less in other areas, bring this up! All’s fair in negotiating in a buyer’s market!


Staying aware of the shifting tides of the real estate market is something you should be doing year-round. The market can change at any time, and your needs should determine when and where you need to buy. Life doesn’t always match up with the market time, so whether it’s a year for buyers or sellers, you should be honest with what’s feasible. Don’t be afraid to negotiate, and research comparative prices to ensure you’re getting the best deal. Happy buying!

Recent Blog Posts

Stay up to date on the latest real estate trends.

Real Estate

Best Places to Catch Holiday Cheer in the Bay Area

It is the Holiday season and we would like to tell you about some upcoming events so you can join in and grab some Holiday Cheer.

Rica's Heart

Cinderella Complex | November 2023

I have a confession to make. Some of you aren’t going to like it. In fact, some of you may think this is coming out of left field. You’re going to think this is comple… Read more

Real Estate

Thanksgiving Home Decorating Ideas

Show your family your Thanksgiving decorating skills and give them the Thanksgiving of their dreams.

Real Estate

See the Changing Colors of Fall in the Bay Area

Meraki Real Estate would love to take you around the Bay Area to our favorite places to see our favorite fall colors.

Rica's Heart

Attracting Butterflies | October 2023

If you spend your time chasing butterflies, they’ll fly away. But if you spend your time making a beautiful garden, the butterflies will come. Don’t chase, attract.

Real Estate

The Essential Guide: Steps to Successfully Close on a House

Closing on a house is an exciting and often nerve-racking process for homebuyers. It is the final step before officially becoming a homeowner. While it might seem over… Read more

Rica's Heart

Dreams Change Our World | September 2023

Our team recently had a vision board making party. We spent time sifting through magazines and surfing the Internet for images, words & phrases to complete our board… Read more

Real Estate

Fall in Foster City, California: Embrace Nature's Palette and Local Delights!

Fall in Foster City, California: Embrace Nature's Palette and Local Delights! Introduction: Nestled amidst the stunning landscapes of the San Francisco Bay Area, Fost… Read more

Real Estate

The Art of Home Staging: Maximizing Your Selling Price

The Art of Home Staging: Maximizing Your Selling Price Introduction: Selling a home is undoubtedly a significant milestone, and every homeowner wants to receive the b… Read more

Let’s Talk

You’ve got questions and we can’t wait to answer them.