Home sellers outnumber buyers by almost 500,000
U.S. Real Estate Market Update Hello, this is Richard Choi from New Jersey Real Estate. Recently, major U.S. news networks have been covering significant shifts in the real estate market. Home price growth has slowed considerably, and in some regions, prices are starting to decline. The number of homes for sale is also noticeably increasing. According to April data from real estate analytics firm Redfin, we’re seeing a striking shift: supply is now outpacing demand by 34%. There are approximately 1.9 million people looking to sell, compared to just 1.5 million buyers—a gap of 500,000, the largest since 2013. Just a year ago, the gap was only 6.5%, and two years ago, there were more buyers than sellers. This change is reflected in multiple market indicators: Only 44% of homes are selling within 60 days on the market. Home prices dropped in 27 states last month. While prices in 2025 remain higher than last year, growth has slowed significantly. After rising…
