What is a characteristic feature of a Buyer's Market?

In a Buyer's Market, the key characteristic is weak demand coupled with decreasing home prices. This situation typically occurs when there are more homes available for sale than there are buyers in the market. When inventory levels are high and demand is low, sellers may be forced to lower prices to attract buyers, leading to a decrease in home values. This environment favors buyers, as they have more negotiating power and may find better deals due to the oversupply of properties.

The other conditions do not represent a Buyer's Market. A market with increasing home demand and rising prices reflects a Seller's Market, where competition among buyers drives prices up. Stable interest rates and high inventories could indicate market stability but do not specifically define a Buyer's Market. Similarly, low inventory and competitive offers point towards increased demand, which is characteristic of a Seller's Market rather than a Buyer's Market.