You're Pricing Your Property All Wrong - This Isn't 2022 - Best Places To Buy Today

[Ken M.]

The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall - May 29, 2025

• There are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much. In other words, it’s a buyer’s market.

• Redfin expects home prices to drop 1% by the end of the year as a result. Prospective buyers may see their purchasing power increase, and prospective sellers should consider selling sooner rather than later.

• 31 of the top 50 metros are buyer’s markets. The strongest buyer’s market is Miami, where sellers outnumber buyers roughly 3 to 1. The strongest seller’s market is Newark, and the most balanced market is St. Louis.

Metro-Level Summary: 50 Most Populous Metros (April 2025)

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U.S. metro area	Balance of power	Sellers	Buyers	% difference: sellers vs buyers	Median sale price	Median sale price: Y/Y change
Anaheim, CA	Buyer's market	6,685	4,821	38.7%	$1,182,683	0.8%
Atlanta, GA	Buyer's market	36,862	22,651	62.7%	$396,150	0.3%
Austin, TX	Buyer's market	17,386	7,757	124.1%	$433,990	-3.0%
Baltimore, MD	Seller's market	9,251	10,485	-11.8%	$388,919	4.0%
Boston, MA	Balanced market	10,922	11,725	-6.9%	$742,377	5.2%
Charlotte, NC	Buyer's market	15,557	9,709	60.2%	$405,322	2.1%
Chicago, IL	Balanced market	25,128	24,104	4.2%	$359,348	6.2%
Cincinnati, OH	Balanced market	7,743	8,176	-5.3%	$294,351	5.2%
Cleveland, OH	Seller's market	6,659	8,855	-24.8%	$238,685	11.6%
Columbus, OH	Buyer's market	8,308	7,147	16.2%	$333,968	-0.7%
Dallas, TX	Buyer's market	32,020	17,774	80.2%	$416,539	-0.8%
Denver, CO	Buyer's market	16,357	11,525	41.9%	$585,046	-0.1%
Detroit, MI	Buyer's market	6,526	5,580	16.9%	$195,920	2.6%
Fort Lauderdale, FL	Buyer's market	21,018	7,525	179.3%	$451,709	1.2%
Fort Worth, TX	Buyer's market	13,646	8,507	60.4%	$356,430	-0.4%
Houston, TX	Buyer's market	44,743	25,327	76.7%	$337,077	0.3%
Indianapolis, IN	Buyer's market	8,538	7,070	20.8%	$309,734	3.5%
Jacksonville, FL	Buyer's market	14,479	6,598	119.5%	$368,311	-3.4%
Kansas City, MO	Balanced market	8,152	7,968	2.3%	$326,474	0.8%
Las Vegas, NV	Buyer's market	13,814	7,192	92.1%	$448,605	2.4%
Los Angeles, CA	Buyer's market	20,189	13,941	44.8%	$899,032	0.7%
Miami, FL	Buyer's market	21,672	7,280	197.7%	$574,696	5.6%
Milwaukee, WI	Buyer's market	4,600	4,171	10.3%	$342,322	10.0%
Minneapolis, MN	Balanced market	12,842	13,994	-8.2%	$390,029	3.2%
Montgomery County, PA	Seller's market	4,632	7,513	-38.4%	$501,422	5.4%
Nashville, TN	Buyer's market	14,935	7,859	90.0%	$467,178	0.0%
Nassau County, NY	Seller's market	7,440	12,763	-41.7%	$717,506	7.0%
New Brunswick, NJ	Seller's market	8,628	10,599	-18.6%	$560,136	5.7%
New York, NY	Balanced market	27,564	29,854	-7.7%	$765,736	4.9%
Newark, NJ	Seller's market	5,241	9,899	-47.1%	$622,545	12.2%
Oakland, CA	Buyer's market	6,565	4,820	36.2%	$904,023	-5.6%
Orlando, FL	Buyer's market	19,555	10,184	92.0%	$407,411	0.8%
Philadelphia, PA	Balanced market	8,077	7,439	8.6%	$285,456	4.9%
Phoenix, AZ	Buyer's market	32,418	16,159	100.6%	$452,290	-2.1%
Pittsburgh, PA	Buyer's market	9,116	8,072	12.9%	$249,303	8.7%
Portland, OR	Buyer's market	9,963	7,526	32.4%	$552,734	0.4%
Providence, RI	Seller's market	4,357	5,196	-16.1%	$489,974	3.2%
Riverside, CA	Buyer's market	17,991	11,151	61.3%	$590,354	1.5%
Sacramento, CA	Buyer's market	7,014	4,841	44.9%	$590,619	0.5%
San Antonio, TX	Buyer's market	17,915	9,687	84.9%	$309,290	0.0%
San Diego, CA	Buyer's market	7,728	6,772	14.1%	$901,022	-0.5%
San Francisco, CA	Buyer's market	3,188	2,432	31.1%	$1,494,441	-0.7%
San Jose, CA	Balanced market	3,030	3,180	-4.7%	$1,601,398	3.0%
Seattle, WA	Buyer's market	9,052	8,170	10.8%	$821,991	0.2%
St. Louis, MO	Balanced market	9,327	9,447	-1.3%	$272,314	6.8%
Tampa, FL	Buyer's market	26,917	12,313	118.6%	$371,028	-1.3%
Virginia Beach, VA	Balanced market	7,077	6,961	1.7%	$351,589	1.2%
Warren, MI	Balanced market	8,333	9,133	-8.8%	$317,350	6.2%
Washington, DC	Balanced market	16,881	15,405	9.6%	$574,913	3.6%
West Palm Beach, FL	Buyer's market	18,075	6,409	182.0%	$513,683	2.7%
National—U.S.A.	Buyer’s market	1,943,669	1,453,628	33.7%	$431,931	1.6%

Methodology

The number of sellers in the market is simply active listings, or the total number of homes actively for sale at any point during a given month. Active listings data come from the MLS. (By Redfin)

https://www.redfin.com/news/sellers-vs-buyers-price-impact/

[James Hamling]

Quote from @Bill B.:

Are they counting 70-90% of the sellers as buyers as well? Since we know that many sellers buy a replacement property. Or are they just ignoring them?

Ps. The way they say it sounds just as stupid as when the financial “journalists” say there were more sellers than buyers in the stock market today. (When the stock market goes down…). But guess what. There weren’t more sellers than buyers, there were exactly the same number. Seems like they stole the line from them. 

At least they’ll pay a huge penalty if they’re wrong right? It’s not like it’s just a wild *** guess they’re getting paid to make. Is it? Which then reminds me when the economist or stock analysts predicts a 1.3% decline and we get a 5% increase. Good thing they went to the decimal point in their wrong guess. 

Good luck to the investors that sell everything and move to a different market based on this report. Because that is the suggestion right? Move from the market with little competition and go to the market with all the competition. 

They are 1,000% biased and it is absolutely beyond the shadow of a doubt written, designed and delivered for the expressed intent of driving revenue. 

They are a real estate brokerage. 

They want transactions. They want more people buying and more people selling. 

It is no different than if Dairy Queen released a "news article" saying study finds eating ice cream on hot days is great for preventing heat stroke.