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
Better's Mortgage Volume Rises 15%, But Losses Persist

Better is targeting a bigger share of wholesale lending, with plans to expand into Non-QM and conventional mortgages

Nov 10, 2026
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026