U.S. Condo Market Sees 72% More Sellers Than Buyers, Marking Strongest Buyer's Market in Over a Decade, Rocket Companies Reports

A new analysis from Rocket Companies Inc., featuring Redfin data, highlights a significant imbalance in the U.S. condo market, with 72.3% more condo sellers than buyers in August. This marks the fifth consecutive month with at least 70% more sellers than buyers, making spring and summer 2025 the strongest buyer's market for condos since 2013, excluding the pandemic-driven slowdown in April 2020. The report notes 259,638 condo sellers compared to 150,693 buyers, with the median condo sale price at $350,000, a slight 0.9% decrease year over year. The gap is particularly pronounced in Texas and Florida, driven by factors such as high mortgage rates, rising HOA fees, increasing insurance costs, and a cooling rental market that has prompted some investors to exit. While some sellers are starting to pull back, the number of buyers continues to decline, reflecting overall affordability challenges in the market. The imbalance is less pronounced among single-family homes and townhouses, which saw seller surpluses of 29.7% and 37.6%, respectively.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251006015620) on October 06, 2025, and is solely responsible for the information contained therein.