The real estate industry is a great example of one of the most basic law's of economics...what goes up must come down.  No, wait..that's not economics.  The example I was looking for was 'the early bird catches..'

Ok no, seriously now, it's a good example of supply and demand.

Let's a have a look.  If there's a sellers' market, homes/properties sell like hotcakes and sellers have the power, hence a sellers' market.  Prices rise as a result.  During a buyers' market home sit and sit and buyers may get a deal.

As demand of available houses or 'units' goes up (more homes on the market for longer periods of time) that's a buyers's market.  The reverse would be a sellers' market.  Who knew!?