Its some kind of wonderful … for home buyers.
Home sellers outnumbered buyers by 47.1% in December 2025, the largest gap since Redfin data began in 2013.
The percentage jumped by +7.1 points from November, the biggest monthly increase since September 2022.
The number of active homebuyers fell -5.9% MoM to 1.34 million, the lowest level on record.
Meanwhile, home sellers declined -1.1% MoM to 1.97 million, the lowest since February 2025.
By comparison, in November 2021, there were 36.5% fewer sellers than buyers.
This all comes as elevated housing costs and economic uncertainty continue to push buyers to the sidelines.
Buyers now hold unprecedented negotiating power, but only if they can afford to enter the market.
Let’s see what sugar babe (aka The Federal Reserve) does.
Confounded Interest - Anthony B. Sanders 