What the Latest Downturn in the Housing Market Means for Buyers

What the latest downturn in the housing market means for buyers

Stacy Esser, realtor and founder of the Stacy Esser Group in Tenafly, New Jersey, says it’s still a seller’s market, but believes a small shift that favors homebuyers is coming. “Maybe a house was taking one week to sell, and now we’re kind of hovering at three weeks,” Esser told CBS News. Part of the shift, Esser says, will be driven by more houses coming on the market. In May, there were 34% more sellers than buyers nationally, according to th…

Inventory rises to highest level since 2019, shifting US housing market more toward buyers

Despite more homes on the market, potential buyers still face significant hurdles.

U.S. Housing Inventory Nears Five-Year High - The MortgagePoint

A slowdown in the demand for housing has increased the nation’s housing supply to its highest point since November 2019, as the market is balancing or is falling into buyers' favor in more than half of the 50 largest U.S. metros.

Housing Inventory Climbs in 2025 as Market Conditions Normalize - The Registry

Housing supply in the United States is showing clear signs of recovery in 2025, rising steadily from the historic lows observed during the pandemic. According to the latest report from Wells Fargo Economics, the number of existing homes available for sale has reached 1.5 million units, the highest level since 2020. This marks a notable shift in the residential real estate landscape, which had been defined in recent years by severe inventory shor…