Legal Definitions - thin market

Definition: A market in which the number of bids or offerings is relatively low.

Example: A small town with only a few real estate agents and limited properties for sale would be considered a thin market for real estate.

This means that there are not many options for buyers and sellers, which can make it difficult to find a good deal or make a sale. In a thin market, prices may be more volatile and less predictable because there are fewer transactions to establish a fair market value.