seller's market

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun A market condition in which demand exceeds supply, resulting in rising prices and favorable terms for sellers.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun economics, finance (idiomatic) An excess of demand over supply, leading to abnormally high prices; a market condition favoring the seller.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a market in which more people want to buy than want to sell