Story perspectives

US Housing Market: 47% More Sellers Boost Buyer Power

1/21/2026

Summary

Story summary

In December 2025, the United States housing market recorded 47% more sellers than buyers—the largest gap since 2013.
The imbalance gives buyers negotiating power, especially in the Sun Belt, where Austin reported 128% more sellers.
Mortgage rates fell slightly, while high prices and economic uncertainty keep many buyers hesitant.
Among 50 largest metros, prices rose in the Northeast and Midwest, while 36 markets were buyer's and five were seller's markets.

History

Historical Context

The U.S. housing market crisis began with a bubble that peaked in 2006, driven by easy credit and speculative investments. By 2008, home values plummeted by 30%, leading to the collapse of major banks like Lehman Brothers and triggering a severe recession. Today, a 47% gap between buyers and sellers reflects ongoing economic uncertainty, underscoring the cyclical nature of housing markets.

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Story summary

In December 2025, the United States housing market recorded 47% more sellers than buyers—the largest gap since 2013.
The imbalance gives buyers negotiating power, especially in the Sun Belt, where Austin reported 128% more sellers.
Mortgage rates fell slightly, while high prices and economic uncertainty keep many buyers hesitant.
Among 50 largest metros, prices rose in the Northeast and Midwest, while 36 markets were buyer's and five were seller's markets.

1 / 2