Summer 2025 Saw the Strongest Buyer’s Market in Over a Decade

Despite reports of weakened buyer demand, summer 2025 was the strongest buyer’s market on record dating back to 2013. In August, there were nearly 506,000, or 35.2%, more home sellers than homebuyers on the market, according to recent data from real estate marketing platform Redfin.

However, this shift in power for buyers doesn’t mean that the housing market was more affordable for them. While the number of sellers grew, the share of homebuyers on the market fell to 1.44 million in August, the lowest level since 2013. The falling share of homebuyers is likely due to continually high home prices and mortgage rates, and sellers have taken note of this. With less buyer interest, sellers have now also started taking a backseat, with more delistings expected in the coming months. 

Sellers continue to outnumber buyers, but sellers have noticed homebuyers retreating and have started retreating in response. There were an estimated 1.94 million home sellers in the housing market in August—the lowest level since January. That’s down from a peak of 1.99 million in May. In other words, the housing market has shed roughly 50,000 sellers over the past three months. This is not reflective of a seasonal shift, as these data are seasonally adjusted.

Some sellers are delisting after watching their homes sit on the market for months with zero bites from buyers, while others are opting not to list at all after seeing their neighbor’s house sell for under the asking price.