Redfin Reports It's the Strongest Buyer's Market in Records Dating Back Over a Decade

Core Insights - The U.S. housing market experienced a significant imbalance in October, with an estimated 36.8% more home sellers than buyers, translating to 528,769 additional sellers compared to buyers, marking the largest gap since records began in 2013 [1] Market Conditions - Redfin, the real estate brokerage, defines a buyer's market as one where there are over 10% more sellers than buyers, indicating that the current market has been classified as a buyer's market since May 2024 [1] - The report highlights that there have been over 30% more sellers than buyers consistently during this period [1]