A shift is underway in the U.S. housing market with sales not surprisingly tilting in favor of buyers.

I'm Kathy Fedke, and this is Real Estate News for Investors.

This is Real Estate News with Kathy Fedke.

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let's get back to the show. And according to a new report from Redfin, the number of home sellers

now significantly outnumbered buyers. In February, there were nearly 629,000 more sellers than buyers in the market.

That's a dramatic reversal from the pandemic-era housing frenzy,

when buyers were competing fiercely over limited inventory.

That's roughly 46% more sellers than active buyers,

the largest gap recorded since Redfin began tracking in 2013.

This imbalance puts us firmly in buyers' market territory.

Redfin defines a buyer's market as one where sellers outnumber buyers by more than 10%.

And we've been in that territory since May of 2024.

So what's driving the shift? A big factor is that

buyers are stepping back. High home prices and elevated mortgage rates continue to limit affordability.

On top of that, economic uncertainty and layoffs are making some would-be buyers hesitant to move

forward. In February, the number of active buyers dropped to about 1.36 million.

Meanwhile, there were nearly 2 million sellers in the market.

This growing gap is giving buyers more leverage.

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