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Homesellers now outnumber buyers by half a million: Redfin
- Redfin reported in April 2025 that nearly 500,000 more home sellers than buyers exist in the U.S., marking the largest gap since 2013.
- This imbalance stems from rising mortgage rates near 7%, economic uncertainty, affordability challenges, and a market shift favoring buyers after pandemic-driven demand.
- Real estate agents like Karen Pohl observed homes stay longer on the market and sellers offering price cuts, although many sellers still price ambitiously.
- Redfin's head economist Chen Zhao forecasted a 1% price decline by late 2025, citing the sellers-to-buyers ratio as a price growth predictor with a three-to-six-month lag.
- The data suggest the post-pandemic boom may be ending and the housing market is slowing due to fewer buyers, though prices remain historically high and affordability remains limited.
129 Articles
129 Articles
The most recent report from the Office of the Commissioner of Financial Institutions (OCIF) reported that in 2024 there were fewer home sales (9,995) compared to 2023 when there were 10,811 and that the average prices of these were reported at $296,062 for new homes and $191,000 for existing homes.
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ThePatriotLight - Rising inventory and softening demand — key indicators of a broader housing slowdown — suggest that South Florida's pandemic-fueled real estate boom continues to lose steam."South Florida is the epicenter of housing market weakness in the United States," said Redfin analyst Chen Zhao, as quoted by Bloomberg.Zhao asked, "The question for the rest of the country is, will this spread? Florida is uniquely bad right now." Redfin dat…
Indiana’s housing market enters new era: Buyers gain leverage as prices adjust
INDIANAPOLIS The Indiana housing market is cooling off, and thats creating new opportunities for buyers.For the first time in over a decade, sellers now significantly outnumber buyers nationwide, according to new data from Redfin.There are nearly 500,000 more homes for sale than there are buyers.Theres 20% more sellers than buyers, said Doug McCoy, executive director of the Indiana University Center for Real Estate Studies. If buyers are patient…
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