Homebuyers Hold The Power in the U.S. Housing Market, Redfin Says -- Market Talk

Dow Jones06-09 22:05

1005 ET - There were an estimated 46.9% more home sellers than buyers in the U.S. housing market in May, according to Redfin. That's up from 46.4% the month before but down from a peak of 49.5% in December 2025. Nashville, Miami and Austin are the biggest drivers of this spring's buyer's market, with the biggest surplus of sellers over buyers. When sellers outnumber buyers, buyers typically have more negotiating power because they have options. But Redfin says it's important to note that it's only a buyer's market for people who can afford to buy. High housing costs and widespread economic uncertainty have caused many would-be buyers to back off in recent years, creating the imbalance of buyers and sellers we see today, according to Redfin. Nearly three-quarters of U.S. housing markets are buyer's markets, Redfin says. (chris.wack@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 10:05 ET (14:05 GMT)

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