Story perspectives

February Sees Largest Home Seller-Buyer Gap Since 2013

3/25/2026

Summary

Story summary

In February, there were nearly 630,000 more home sellers than buyers, the largest gap since 2013, signaling a buyer's market.
The buyer's market lets buyers negotiate better terms as mortgage rates rise.
Inventory is rising, especially in the South, despite economic uncertainty, including the Iran conflict, causing some buyers to retreat.
Affordability for first-time buyers should improve.
Prices are stabilizing at a median of $429,226, up 0.9% year over year.

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Story summary

In February, there were nearly 630,000 more home sellers than buyers, the largest gap since 2013, signaling a buyer's market.
The buyer's market lets buyers negotiate better terms as mortgage rates rise.
Inventory is rising, especially in the South, despite economic uncertainty, including the Iran conflict, causing some buyers to retreat.
Affordability for first-time buyers should improve.
Prices are stabilizing at a median of $429,226, up 0.9% year over year.