Home Sellers Outpace Buyers by Record Margin Since 2013
Redfin reported that the gap between home sellers and buyers reached its highest level since 2013. In September, there were an estimated 62.6% more sellers than buyers in the U.S. housing market. This imbalance suggests a challenging environment for potential homebuyers as inventory remains low relative to demand. The report highlights ongoing pressure on the housing sector due to high mortgage rates and limited affordability options. Rocket Companies' Redfin noted that this disparity could lead to slower price growth or even declines in some markets, depending on how long the imbalance persists. Market participants are closely watching for signs of a shift as buyer demand adjusts to current conditions.
Topics: buyers vs sellers home sales gap housing market
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Part of the story Redfin Reports Home Sellers Outnumber Buyers by 63%, Largest Gap in Over a Decade (2 articles)