A market condition in which demand exceeds supply, resulting in rising prices and favorable terms for sellers.
A market favorable to sellers, with tight supply, high prices, etc.
A market situation in which a scarcity of goods or services available for sale makes competition among buyers fierce. Selling prices are driven upwards and sellers reap strong profits. It contrasts with a buyer’s market, in which there are many products or services to choose from and prices are driven down, which potentially can depress profits.