On the Market
phraseon the mar·ketpronounced on thuh MAR-kit
Last reviewed 16 April 2026
What does the phrase On the Market mean?
A declaration by the auctioneer during an auction that bidding has passed the reserve price. Once a property is on the market, it will sell unconditionally to the highest bidder when the hammer falls.
How the phrase On the Market is used
When the auctioneer called it on the market at $780,000, we knew the reserve had been met and whoever bid highest from that point would take it home.
Related words
Cite this entry
MLA citation: "On the Market." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/on-the-market. Accessed 29 May 2026.
Chicago citation: How to Property. "On the Market." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/on-the-market.
APA citation: How to Property. (2026, April 16). On the Market. https://howtoproperty.com.au/definitions/on-the-market