Redfin Reports Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap in at Least 13 Years
Redfin reported that U.S. home sellers outnumbered buyers by an estimated 62.6% in September, the largest gap in records dating to 2013. Buyers fell to a record low and sellers reached their highest level since 2020; 41 of the 50 largest metro areas were buyer’s markets.
Why it matters — Redfin is described as a real estate brokerage powered by Rocket, and the report provides context on housing-market conditions relevant to RKT watchers.