Home sellers outnumber buyers by 630K in record gap - Redfin
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The US housing market has a record gap of 630,000 more home sellers than buyers, with only five metro areas being seller's markets. The strongest buyer's markets are in the South, with Miami having an estimated 159% more home sellers than buyers.
The US housing market has a significant imbalance of buyers and sellers. There are 44% more home sellers than buyers, totaling 600,314 more sellers. This gap represents the second-largest difference on record. The number of homebuyers has dropped to the lowest level on record, with 1.36 million buyers in January. High housing costs and economic uncertainty have caused many house hunters to retreat. Only five metro areas are seller's markets, including Newark, NJ, and Milwaukee. The strongest buyer's markets are in the South, with Miami, Fort Lauderdale, and Austin having a high percentage of sellers compared to buyers.
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