Which term is used when buyers have a large selection of properties?

• A. Comparable
• B. Buyer's Market
• C. Balance
• D. Demand

Answer: (B)

Having a lot of properties to choose from means the market favors the buyers. This situation is called a buyer's market. When there is more supply than demand, there are many homes on the market relative to the number of buyers, so buyers have options, negotiating leverage, and typically more favorable prices and terms.

This differs from a comparable, which is a property used to assess value by comparing it to similar properties, not the overall market conditions. Balance refers to a market in which supply and demand are roughly equal, which is a neutral state and doesn’t specifically describe having a large selection. Demand is about how much buyers want to purchase, and high demand characterizes a seller’s market, not one with abundant inventory.