More Sellers Than Buyers of Housing

Too many houses on the market. Opportunity for Buyers. The graph below has the details . . .

As taken from: “The Housing Market Has Nearly 500,000 More Sellers Than Buyers,” Redfin,

Lily Katz and Asad Khan

• Buyers’ Market for Now: There are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much.

• Redfin expects home prices to drop 1% by the end of the year as a result. Prospective buyers may see their purchasing power increase. Prospective sellers should consider selling sooner rather than later.

• Thirty-one of the top 50 metros are buyer’s markets. The strongest buyer’s market is Miami, where sellers outnumber buyers roughly 3 to 1. The strongest seller’s market is Newark, and the most balanced market is St. Louis.

• The condo market heavily favors buyers; there are 83% more condo sellers than buyers. By comparison, there are 28% more sellers than buyers in the single-family-home market.

There are an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers. In other words, there are 33.7% more sellers than buyers (or 490,041 more, to be exact). At no other point in records dating back to 2013 have sellers outnumbered buyers by this large of a number or percentage. A year ago, sellers outnumbered buyers by just 6.5%, and two years ago, buyers  out- numbered sellers.

There haven’t been this many home sellers since March 2020. There haven’t been so few buyers at any point in records dating back to 2013 aside from April 2020, when the onset of the coronavirus pandemic brought the housing market to a halt.

The most recent data point in this analysis is April 2025. The estimated number of sellers in the market is simply the number of active listings in the MLS. To estimate the number of buyers, we created a model that uses data on pending sales and the typical time from a buyer’s first tour to their purchase. Scroll down for a full methodology and data on the 50 most populous U.S. metropolitan areas.

Some factors influencing the housing market: Tariff talks, layoffs, and federal policy changes are among the other factors dampening homebuyer demand. Homeowners who have been sitting on ultra-low mortgage rates they scored during the pandemic are now giving up those low rates and selling their homes. 

More statistical detail at Redfin.