A "soft market" refers to a market where there is more supply than demand, resulting in a decrease in prices. Synonyms for this term include a buyer's market, a sluggish market, or a weak market. In a buyer's market, buyers have more leverage and bargaining power because there is an abundance of available options. A sluggish market indicates that sales and transactions may be slow or infrequent due to the lack of demand. A weak market also suggests a lack of strength, stability, and confidence among buyers and sellers. Regardless of the synonym used, a soft market can present challenges for sellers and investors.