A "Buyer Market" occurs when the supply of goods or services exceeds the demand from consumers. In this situation, buyers have more choices and can negotiate better prices, as sellers compete to attract customers. This often leads to discounts and promotions, benefiting consumers. In a buyer market, factors such as economic conditions, seasonal trends, and consumer preferences play a significant role. For example, during a recession, many people may cut back on spending, resulting in a surplus of products. This can affect various industries, including real estate, automobiles, and retail.