Housing market

[Greta]

the type, cost, and number of houses and apartments available in a particular area:

[Lizzy Liz]

the activity of buying and selling houses, etc.:

[Tanya Shivari]

The housing market is a good example of how supply and demand works within an industry. When the demand for housing is high, but supply is low, home prices often rise. When there is a glut of housing available in a market, homeowners may lower their prices due to less demand in the market.