Buyer's Market by definition:
1. an economic situation in which goods and services are plentiful and buyers can keep the prices down.
The real estate market is cyclical - which is why you have heard the term real estate cycle.There are many key factors
interest rates, construction, immigration patterns. Bottom line there are more houses on the market then buyers.
As a result prices may drop over time as home owners become eager to sell.
This why it is important to listen to your real estate on proper pricing .
Homes are still selling but a different strategy is needed with this market and your agent can help you with that.