Summary
The U.S. housing market currently has more sellers than buyers, making it favorable for buyers. The gap between sellers and buyers has widened due to fewer people wanting to buy homes, partly because of affordability problems. Although home prices are still rising a bit, many people cannot afford to purchase a home right now.
Key Facts
- There are 37.2% more sellers than buyers in November 2025, compared to 17% last year.
- The total number of sellers exceeded buyers by 529,770 in November.
- A market with over 10% more sellers than buyers is considered a buyer's market.
- Since May 2024, the U.S. housing market has technically been a buyer’s market.
- The median home sale price rose by 0.7% to $433,175 in November year-over-year.
- Home sales dropped by 7%, while the number of homes for sale increased by 5.4% in November.
- The national average 30-year mortgage rate was 6.2% last month.
- 36 of the 50 largest metro areas were buyer's markets as of November.
