U.S. Housing Market Shifts: More Sellers Than Buyers for the First Time in Over a Decade

The U.S. housing market has shifted, with nearly 500,000 more sellers than buyers as of April, the largest surplus on record, leading to a potential 1% decline in home prices by the end of 2025. Florida cities are heavily affected, with a high seller-to-buyer ratio, while many markets across the country are now favoring buyers, especially in the Sun Belt and West Coast. Despite the increased negotiating power for buyers, affordability remains a challenge due to stagnant wages and high mortgage rates.