Buyer’s market is a scenario wherein there are a greater amount of sellers than buyers. It is a market condition wherein goods are abundantly available for sale, which usually leads to lower prices for buyer's due to greater supply.
A condition of the market in which there is an abundance of goods available and hence buyers can afford to be selective and may be able to buy at less than the price that previously prevailed. See Seller's Market.
Additional meaning of Buyer's Market:
May also be called soft market.