Markets shifting to more sellers than buyers

[Ashley Kehr]

Just came across this Redfin article and thought it was worth discussing here.

According to Redfin, there are now 1.9 million home sellers vs. 1.5 million buyers—that’s a 34% gap, the widest since 2013. Nearly half of all listings in April sat on the market for 60+ days, and Redfin is forecasting a 1% price drop by the end of the year.

As someone trying to make smart investment decisions in 2025, this shift has me thinking:

• Are we finally moving into a buyer’s market again?

• Is this the time to get more aggressive with offers, or are there still too many variables (rates, affordability, etc.) to act fast?

• For the sellers here—have you had to adjust your pricing or strategy lately?

Curious to hear what others are seeing in their local markets. Are you noticing more room to negotiate? More deals falling through? Would love to know how you’re navigating this shift.

[Theresa Harris]

I think it varies by region.  Where I live, the market picks up on April and May.  It also depends on price points.  Quite a few of the less expensive places where I am are going over asking with multiple offers.  I put an offer in recently and there were over 9 offers and it went $25K over asking (priced in the mid 200).  My realtor said that is typical right now.