December 2024 Sees 47.1% More Sellers Than Buyers in Housing Market
American Real Estate Association co-founder Jason Haber unpacks the state of the housing market and assesses Redfin’s announcement of a ‘great housing reset’ coming in 2026 on ‘The Claman Countdown.’
Sellers in the U.S. housing market are significantly outnumbering buyers, providing potential buyers with increased negotiating power. However, this imbalance is not alleviating the ongoing affordability crisis.
According to a recent report from Realtor.com, December saw an estimated 47.1% more home sellers than buyers in the U.S. housing market. This marks the largest gap recorded since 2013, reflecting a 7.1% increase from the previous month—the most substantial rise since September 2022—and a 22.2% increase compared to the same month last year.
During the same period, the number of homebuyers dropped by 5.9% month-over-month, totaling approximately 1.34 million. This decline represents the most significant decrease since March 2023 and the lowest level recorded since 2013, as noted in the report.
AFFIRM TO OFFER BUY NOW, PAY LATER OPTION FOR RENT PAYMENTS
While the number of sellers has also seen a slight decline, it pales in comparison to the drop in buyers. Seller numbers fell by just 1.1% month-over-month, with an estimated 1.97 million sellers still in the market.
In December, there were an estimated 47.1% more home sellers than buyers in the U.S. housing market. (Patrick T. Fallon/AFP via Getty Images)
Realtor.com defines a buyer’s market as one where there are over 10% more sellers than buyers. By this measure, the market has been classified as a buyer’s market since May 2024, granting buyers stronger negotiating power.
JPMORGAN CFO WARNS TRUMP’S PROPOSED CREDIT CARD CAP COULD CAUSE PEOPLE TO ‘LOSE ACCESS TO CREDIT’
However, this does not imply that affordability has improved for those still looking to buy. The market remains challenging for buyers who can manage the high borrowing and housing costs.
High housing prices, layoffs, and increasing political and economic uncertainty continue to drive many potential buyers away, exacerbating the imbalance between buyers and sellers.
Realtor.com defines a buyer’s market as one where there are over 10% more sellers than buyers. (David Paul Morris/Bloomberg via Getty Images)
‘BUY NOW, PAY LATER’ SERVICES ARE DANGEROUS TRAP FOR YOUNG AMERICANS, FINANCIAL EXPERT WARNS
Some sellers have opted to delist their homes after experiencing months of inactivity on the market.
Here are the strongest buyer markets:
1. Austin, Texas: An estimated 128% more home sellers than buyers in December, marking the largest imbalance.
2. Fort Lauderdale, Florida: An estimated 125% more home sellers.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
3. Nashville, Tennessee: An estimated 111% more home sellers.
4. Miami, Florida: An estimated 103% more home sellers.
5. San Antonio, Texas: An estimated 103% more home sellers.
American Real Estate Association co-founder Jason Haber unpacks the state of the housing market and assesses Redfin’s announcement of a ‘great housing reset’ coming in 2026 on ‘The Claman Countdown.’
Sellers in the U.S. housing market are significantly outnumbering buyers, providing potential buyers with increased negotiating power. However, this imbalance is not alleviating the ongoing affordability crisis.
According to a recent report from Realtor.com, December saw an estimated 47.1% more home sellers than buyers in the U.S. housing market. This marks the largest gap recorded since 2013, reflecting a 7.1% increase from the previous month—the most substantial rise since September 2022—and a 22.2% increase compared to the same month last year.
During the same period, the number of homebuyers dropped by 5.9% month-over-month, totaling approximately 1.34 million. This decline represents the most significant decrease since March 2023 and the lowest level recorded since 2013, as noted in the report.
AFFIRM TO OFFER BUY NOW, PAY LATER OPTION FOR RENT PAYMENTS
While the number of sellers has also seen a slight decline, it pales in comparison to the drop in buyers. Seller numbers fell by just 1.1% month-over-month, with an estimated 1.97 million sellers still in the market.
In December, there were an estimated 47.1% more home sellers than buyers in the U.S. housing market. (Patrick T. Fallon/AFP via Getty Images)
Realtor.com defines a buyer’s market as one where there are over 10% more sellers than buyers. By this measure, the market has been classified as a buyer’s market since May 2024, granting buyers stronger negotiating power.
JPMORGAN CFO WARNS TRUMP’S PROPOSED CREDIT CARD CAP COULD CAUSE PEOPLE TO ‘LOSE ACCESS TO CREDIT’
However, this does not imply that affordability has improved for those still looking to buy. The market remains challenging for buyers who can manage the high borrowing and housing costs.
High housing prices, layoffs, and increasing political and economic uncertainty continue to drive many potential buyers away, exacerbating the imbalance between buyers and sellers.
Realtor.com defines a buyer’s market as one where there are over 10% more sellers than buyers. (David Paul Morris/Bloomberg via Getty Images)
‘BUY NOW, PAY LATER’ SERVICES ARE DANGEROUS TRAP FOR YOUNG AMERICANS, FINANCIAL EXPERT WARNS
Some sellers have opted to delist their homes after experiencing months of inactivity on the market.
Here are the strongest buyer markets:
1. Austin, Texas: An estimated 128% more home sellers than buyers in December, marking the largest imbalance.
2. Fort Lauderdale, Florida: An estimated 125% more home sellers.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
3. Nashville, Tennessee: An estimated 111% more home sellers.
4. Miami, Florida: An estimated 103% more home sellers.
5. San Antonio, Texas: An estimated 103% more home sellers.
