Sellers Outnumbering Buyers By 37% – NMP Skip to main content

Sellers Outnumbering Buyers By 37%

Nov 20, 2025
Buyers vs. Sellers
Staff Writer

The number of U.S. homebuyers dropped 1.7% to the lowest level on record, aside from the start of the pandemic, amid high housing costs and economic uncertainty, while the number of sellers dropped 0.5% as sellers retreated in response to low buyer demand

In sheer numbers, the gap between U.S. homebuyers and sellers is widening.

According to the latest count from Redfin, there are nearly 529,000 more people trying to sell their properties than there are folks looking to purchase a place.

The gap, says Redfin, stands at nearly 37%, marking the largest disparity reported since records started being kept in 2013.

By the realty brokerage firm’s definition 一 a market with 10% more sellers than buyers is a buyer’s market 一 it has been a buyer’s market since May 2024. There have been more than 30% more sellers than buyers since April 2025, and Redfin economists estimate that the last time there was a stronger buyer’s market was in the years following the 2008 financial crisis.

There Are 37% More Home Sellers Than Buyers

Of course, it’s only a buyer’s market for those who can afford to buy. Unfortunately, many people wanting to buy have been priced out of the market as affordability has eroded.

“There’s a shortage of both first-time buyers and repeat buyers because mortgage rates and home prices have gone up so much in recent years,” said Matt Purdy, a Redfin agent in the Denver area.

Then there’s the gap in expectations. Sellers want top dollar because they’re focused on recouping their investment, but buyers are focused on having a low monthly payment. The difference makes it tough for the sides to see eye-to-eye, but buyers tend to win the battle of wits because many sellers are desperate.

Homebuyers and Sellers Are Both Backing Off

Redfin says the number of buyers slipped 1.7% month-over-month in October to an estimated 1.44 million. That’s not only the lowest level on record aside from April 2020, when the coronavirus pandemic brought the housing market to a halt, it’s also the largest monthly decline since June.

Sellers have also been retreating, just not as quickly. The number of sellers fell 0.5% month-to-month to an estimated 1.97 million, the lowest level since February. It was the fifth-straight monthly decline in the number of sellers.

The strongest buyer’s markets were found to be in Texas and Florida, while the strongest seller’s markets were located in the Tri-State region of New York, New Jersey and Pennsylvania. Overall, 35 of the 50 most populous metros were buyer’s markets, nine were balanced markets, and six were seller’s markets. 

Homebuyers Hold the Cards in Most U.S. Housing Markets

About the author
Staff Writer
Lew Sichelman has been covering the housing and mortgage sectors for 52 years. His syndicated column appears in major newspapers throughout the country.
Published
Nov 20, 2025
More Buyers Expect Higher Rates. Fewer Would Wait.

Veterans United’s survey finds less willingness to hold out for lower rates, but little change in purchase timelines

Oct 22, 2026
Mortgage Rate Lock-In: More High-Rate Loans, Few Signs Of A Thaw

With 30-year rates above 7% and nearly half of outstanding loans below 4%, originators face a stubborn obstacle to rebuilding repeat-buyer pipelines

Oct 22, 2026
Investor Homebuying Slows, Small Buyers Claim Biggest Share In 15 Years

Smaller investors accounted for 66.2% of investor purchases in the first half of 2026 and relied on cash much less often than mega-investors

Oct 22, 2026
California Home Sales Drop 6.5%, Prices Keep Climbing

September’s decline leaves originators competing for fewer purchases, while rising borrowing costs and limited new listings keep affordability under pressure

Oct 20, 2026
One In Three Americans Blame Lenders For Housing Crisis Ahead Of Midterms

Voters want lower taxes, insurance costs, and mortgage rates, but 63% doubt the election will improve housing

Oct 20, 2026
Rates Above 7% Shrink Buyer Budgets In Loosening Housing Market

Realtor.com finds 66 of 99 metros favor buyers or are moving that way, while rising financing costs have cut borrowing capacity 7.2% since late August for a fixed monthly payment

Oct 19, 2026