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U.S. Housing Market: Sellers Outnumber Buyers by 500,000

10/23/2025

31 3 Full Breakdown

Summary

Story summary

The U.S. housing market shows a seller-heavy imbalance with 500,000 more sellers than buyers—the largest gap since 2013.
As a result, 35 of the 50 most populous metros are in a buyer's market, notably in Texas and Florida.
In September, Miami had 112.2% more sellers than buyers, down from 164.9% the previous year.
Many sellers resist price cuts, causing withdrawals from the market as buyers face high mortgage rates.

History

Historical Context

The U.S. housing market crisis, triggered by the bursting of the housing bubble in 2006, led to over 1 million foreclosures by 2008. The Federal Reserve responded by lowering interest rates to stimulate the economy. Today, a similar imbalance persists, with 500,000 more sellers than buyers, particularly in cities like Miami, reflecting ongoing challenges from high mortgage rates and previous economic downturns.

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Story summary

The U.S. housing market shows a seller-heavy imbalance with 500,000 more sellers than buyers—the largest gap since 2013.
As a result, 35 of the 50 most populous metros are in a buyer's market, notably in Texas and Florida.
In September, Miami had 112.2% more sellers than buyers, down from 164.9% the previous year.
Many sellers resist price cuts, causing withdrawals from the market as buyers face high mortgage rates.

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