Homebuyers Have Been Retreating. Now Sellers Are Too.
There are an estimated 1.43 million homebuyers in the U.S. housing market—the lowest level in records dating back to 2013 aside from the start of the pandemic. That’s making sellers skittish; the number of sellers has dipped by roughly 14,000 since May, falling for the first time in two years. Still, there are 36% more sellers than buyers—the largest gap in records dating back to 2013. That means buyers hold the cards in most markets, especially Texas and Florida. There are only five remaining seller’s markets. The good news? Mortgage rates have been falling recently, which could bring some buyers and sellers back to the market. The U.S. housing market has lost about 14,000 home sellers over the past two months, with the total number of sellers falling to 1.95 million in July from a peak of 1.96 million in May. This marks the first decline since July 2023, when the supply of homes for sale bottomed out near a historic…
