Referring to a product, service, or asset that is currently available for purchase or sale through standard commercial channels. This implies that the item is actively being offered to the public, typically at a specified price, and that a transaction can be readily initiated by interested buyers. Being 'on-market' signifies that the item has entered the active phase of its commercial life cycle, as opposed to being in development, pre-sale, or already sold.
On-market meaning with examples
- The real estate agent proudly announced that the newly renovated Victorian house was finally on-market. Prospective buyers could schedule viewings and submit offers starting next week. Several investors had already expressed interest, anticipating a competitive bidding process, making it a highly sought after property for purchase on the housing market.
- After months of development, the new smartphone model finally went on-market. The company launched an aggressive advertising campaign to highlight its innovative features, enticing consumers to preorder. Early adopters flocked to secure their units before the initial stock ran out, showing demand for this desirable product on the tech market.
- The shares of the struggling tech company remained on-market, despite recent negative news reports. Investors deliberated whether to sell their existing holdings due to financial losses, hoping for a recovery, leading to a volatile daily stock price reflecting the uncertain environment on the volatile market.
- The vintage sports car, meticulously restored, was placed on-market by its owner, seeking a collector's item buyer. With detailed photos and descriptions, the owner listed the vehicle on several specialized auction websites. Numerous collectors showed interest with multiple competitive bids for this rare automobile on the luxury car market.