What is a buyer's market?

Author
MyProperty
South Africa's #1 independent property portal

A buyer's market is a situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. In a real estate buyer's market, houses tend to sell for less and sit on the market for a longer period of time before receiving an offer.

Buyer Property News
Top Cape coastal holiday home hotspots for 2023
Market & Opinion
Top Cape coastal holiday home hotspots for 2023
08 Dec 2023
Are you heading to the coast for the summer holidays and looking to invest in a holiday home or an Airbnb rental investment? We find out what the top hotspots are according to the experts.
read more
Selling? Here’s how to stage your home
Market & Opinion
Selling? Here’s how to stage your home
06 Dec 2023
For many, selling their home means starting a new and exciting chapter in their lives. While preparing for this next chapter, it is important to prepare the current home for listing to ensure that it stands out from the crowd while on the market.
read more
Affluent home buyers buoy the residential property market in areas north of Durban
Market & Opinion
Affluent home buyers buoy the residential property market in areas north of Durban
05 Dec 2023
Accessibility to schools, beaches, shopping, and other amenities, as well as proximity to King Shaka International Airport, has seen the residential property market in the areas north of Durban flourish over the past decade.
read more
House prices continue to rise and listing times drop as ongoing semigration fuels the market in Cape Town's Southern Suburbs
Market & Opinion
House prices continue to rise and listing times drop as ongoing semigration fuels the market in Cape Town's Southern Suburbs
04 Dec 2023
Since the revival of semigration in 2021, the surge in market activity in the Southern Suburbs has continued unabated with the steady rise in demand leading to a drop in the time properties are spending on the market as well as a declining gap between asking and selling price.
read more
Find houses for sale
Click on a province and select a town to view available properties for sale
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments