How Do Buyers’ Markets Operate?
Because there is frequently little to no competition from other buyers, buyers are better able to negotiate prices in a buyer’s market. Because there is little demand and they need to move their inventory, sellers are also more inclined to accept low offers from customers.
In order to draw in customers, sellers are frequently prepared to provide discounts, rewards, and other exclusive offers. This increases the pressure on purchasers to decide quickly and bargain for even lower costs.