Homesellers now outnumber buyers by half a million: Redfin
- Redfin reported in April 2025 that nearly 500,000 more home sellers than buyers exist in the U.S., marking the largest gap since 2013.
- This imbalance stems from rising mortgage rates near 7%, economic uncertainty, affordability challenges, and a market shift favoring buyers after pandemic-driven demand.
- Real estate agents like Karen Pohl observed homes stay longer on the market and sellers offering price cuts, although many sellers still price ambitiously.
- Redfin's head economist Chen Zhao forecasted a 1% price decline by late 2025, citing the sellers-to-buyers ratio as a price growth predictor with a three-to-six-month lag.
- The data suggest the post-pandemic boom may be ending and the housing market is slowing due to fewer buyers, though prices remain historically high and affordability remains limited.
131 Articles
131 Articles
The most recent report from the Office of the Commissioner of Financial Institutions (OCIF) reported that in 2024 there were fewer home sales (9,995) compared to 2023 when there were 10,811 and that the average prices of these were reported at $296,062 for new homes and $191,000 for existing homes.
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Buyers Take Control: US Housing Market Sees First Shift in 12 Years
For the first time in over a decade, home buyers have taken the lead in the US housing market as dramatic increase in supply, coupled with cooling demand, has tipped the balance in buyers' favour. According to Redfin, more than 500,000 more homes were listed than there were buyers in April 2025, a 33.7% surplus and the highest imbalance since records began in 2013. As the US housing market is undergoing a rare reversal, for buyers with financial…
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