Home-Sellers Outnumber Home-Buyers By The Most In Over A Decade - Is It Good or Bad?

[Ken M.]

Why aren't you out there buying a house? I just bought 3 below list. It can be done!

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Home-Sellers Outnumber Home-Buyers By The Most In Over A Decade by Tyler Durden

Lance Lambert, co-founder and editor of ResiClub, posted on X, highlighting an ongoing and record-breaking trend in the housing market: sellers now outnumber buyers by the widest margin since Redfin data began well over a decade ago. The growing number of sellers is especially evident in the U.S. Southwest and U.S. Southeast, particularly in Texas and Florida, where the balance of power has shifted in favor of buyers.

There are an estimated 1.92 million home sellers in the U.S. housing market and about 1.41 million homebuyers. In other words, there are 508,715 more home sellers than buyers, a massive mismatch not seen at any other point in Redfin data going back to 2013.

https://www.zerohedge.com/markets/home-sellers-outnumber-hom...

Much of the supply is materializing in Sun Belt metro areas, such as Austin, Dallas, Tampa, and Nashville. Inversely, Northeast and Midwest metros like Chicago, Hartford, and Boston have seen tight supplies.

[Eudith Vacio]

This is GOOD! When the market favors buyers, it's a great opportunity to start making offers. Here in Chicago where I'm at, we are still seeing multiples offers in certain areas, and we lack inventory so prices are still rising steadily month over month. 

We are the oddballs out in the midwest :)