A seller market refers to a scenario where the supply is lower than demand, which gives sellers an advantage when making sales transactions. The term can be replaced with alternative phrases such as a demand market, a scarcity market, or a high-demand market. In these markets, the condition of demand outweighs supply, and this favorably impacts prices for the sellers. This can also be called a seller's advantage market or a seller-driven market. Other synonyms for a seller market include a strong market, a competitive market, and a buoyant market. Regardless of the phrase used, the underlying market conditions are where sellers have the upper hand.