Reported 1 day ago
The U.S. housing market is seeing a significant imbalance with nearly 34% more sellers than buyers as of April 2025. This shift, attributed to high home prices and mortgage rates that have climbed to a 23-year high, has led to less competition among buyers, prompting some sellers to reduce prices or offer incentives to attract sales. While this trend provides a potential advantage for buyers, the increase in home prices over the last six years has made home ownership unaffordable for many, with only 21.2% of listings deemed affordable for typical incomes.
Source: YAHOO