U.S. Homebuyer Count Hits Record Low as Seller Surplus Widens
Redfin data shows an estimated 967,000 buyers in July—the fewest on record—while sellers outnumber them by more than 51%, pushing nearly 80% of major metros into buyer's-market territory.
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Redfin data shows an estimated 967,000 buyers in July—the fewest on record—while sellers outnumber them by more than 51%, pushing nearly 80% of major metros into buyer's-market territory.
Slower summer conditions, high mortgage rates and growing inventory are shifting bargaining power toward buyers in Austin, Nashville and beyond, while Chicago and San Diego remain more competitive.
A fresh Redfin analysis finds roughly 48.5% more home sellers than buyers nationally in June, with Miami, Nashville, Houston, San Antonio, and Austin emerging as the country's most pronounced buyer's markets.