Home Sellers Outnumber Buyers, But High Prices Persist -- Market Talk

Dow Jones03-23

1125 ET - There were an estimated 46.3% more home sellers than buyers in the U.S. housing market in February, Redfin says. That's 630,000 more, in numerical terms, the largest gap in records dating back to 2013 and up from 29.8% a year earlier. When sellers outnumber buyers, buyers typically hold the negotiating power. That's considered a buyer's market, but it's only a buyer's market for those who can afford to buy. High housing costs and mortgage have caused many house hunters to retreat, creating an imbalance of buyers and sellers. The number of homebuyers in the market fell 2.4% month over month in February to an estimated 1.36 million. The number of sellers posted a smaller decline, falling 0.4% to an estimated 1.99 million. (chris.wack@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 11:25 ET (15:25 GMT)

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