A widening imbalance between home sellers and buyers has shifted the U.S. housing market decisively in favor of buyers, as elevated mortgage rates and affordability pressures continue to suppress demand
Redfin data shows sellers now outnumber buyers by a record 47%, pushing the U.S. housing market deeper into buyer-friendly territory as demand sinks to historic lows
In November, home sellers outnumbered buyers by an unprecedented margin — about 37.2% — creating a pronounced buyer’s market with more negotiating power for purchasers and the largest imbalance recorded since at least 2013
The number of home listings that were pulled off the market rose to a historically high level in September, with many homeowners opting to stay put rather than accept a low offer.
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
New study finds that nearly 20% of home sellers reduced their asking prices in September with the most motivated sellers at the bottom of the housing ladder
Zillow says the market is now 'balanced' between buyers and sellers nationwide
Sellers now outnumber buyers by widest margin in records dating back a dozen years
Typical house’s days-on-market rose by a week as a range of factors were at play
Housing market forecast predicts existing-home sales could fall to lowest level in three decades