Home Sellers Now Outnumber Buyers by 47%: What It Means for Prices

There were 631,535 more home sellers than buyers in December, according to Redfin data, creating a staggering 47% gap. That's the widest margin recorded since Redfin began tracking it in 2013, and an increase of more than 22 percentage points from a year ago. More sellers in the market mean more options for buyers, as housing supply outpaces demand. However, the growing imbalance comes as housing remains unaffordable for many people, thanks in part to mortgage rates that hovered above 6% throughout 2025. Ke ...