09/05/2025
The U.S. housing market just flipped on its head.
For the first time ever, there are nearly 500,000 more sellers than buyers. That’s the biggest gap on record.
Why?
• Mortgage rates are still high.
• Prices are sky-high (median sale price over $400K).
• Buyers are sitting on the sidelines, waiting for the market to crack.
Translation: Sellers are losing their leverage. Homes are sitting longer, more price cuts are popping up, and buyers finally have some power.
Don’t expect a housing crash, but do expect some cooling.
Redfin is calling for about a 1% drop in prices this year.
The housing game of 2025 looks a lot different than the bidding wars of 2021.
