As we moved through mid-Q3, the U.S. housing market saw a notable shift: sellers outnumbered buyers by 57.9%, marking the widest gap since 2013. With 1.53 million sellers and 972,300 buyers nationwide, inventory was on the rise—active listings jumped 3.9% month-over-month, the largest increase recorded by major portals. However, buyer activity only nudged up by 0.1%. This dynamic gave buyers more leverage, and it showed—three out of five homes sold for less than their original list price, and available inventory reached its highest since 2020. Still, even as negotiation power improved for buyers, affordability remained a challenge. Thirty-year mortgage rates hovered in the high-6% range, and median sale prices rose 2.2% year-over-year. The easing of the earlier mortgage lock-in brought more owners to market, yet demand stayed muted, with existing-home sales slipping 2% to a 3.98 million annual pace. In times like these, it is essential to navigate with a strategy grounded in data and a deep understanding of local trends—something I prioritize for every client, whether you’re looking to sell or searching for a home that fits your life and budget.
U.S. Sellers Outnumber Buyers by 57.9% | Estate Concierge guidance for North Metro Atlanta. Nearly 20 years of experience. Contact Zach → acmerealestatecompany.com
