In June 2025 active home sellers outnumbered buyers by 508,715, the largest gap tracked since 2013.
https://www.thetitlereport.com/articles/redfin-home-sellers-outnumber-buyers-by-record-mar-94558.aspx
That translates to about 34 % more sellers than buyers nationwide.
https://www.redfin.com/news/sellers-vs-buyers-price-impact
Power has flipped. Realtors no longer hold the cards. Many buyers have withdrawn offers. Nearly 15 % of pending deals fell through in June, creating chaos.
https://www.redfin.com/news/pending-sales-fall-through-june-2025/
Markets like Miami are turning surreal. In April sellers outnumbered buyers by close to three to one. Homes sit for 60 days plus.
https://www.redfin.com/news/sellers-vs-buyers-price-impact
Price cuts are now a marketing staple. Instead of chasing buyers, agents chase buyers. Listings flood the market. Sellers are left chasing ghosts. Homes remain overpriced based on pandemic comps while real buyers vanish.
The Zillow price fantasy is dead. Digital valuations no longer sell houses. Now real sellers must slash their expectations or watch their listings rot.
It is not a simple slowdown. It is a housing standoff. Seller refuses to cut. Buyer refuses to chase. Only strategic realtors who reposition aggressively and price for today’s reality will survive.