Redfin Reports It's the Strongest Buyer's Market in Records Dating Back Over a Decade
SEATTLE--(BUSINESS WIRE)--There were an estimated 36.8% more home sellers than buyers in the U.S. housing market in October (or 528,769 more, in numerical terms)—the largest gap in records dating back to 2013. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin defines a market with over 10% more sellers than buyers as a buyer's market. By this definition, it has been a buyer's market since May 2024. There have been over 30% more sellers than buyers. ...