Currently Reading

Homebuyers Continue to Outnumber Sellers


Homebuyers Continue to Outnumber Sellers

September 21, 2020
House and money bag balancing each other out
By Watchara

Buyers are outnumbering sellers in the housing market, but both have something to gain. The housing market has been much like a see-saw the past few months, as both the positives and negatives continue to somewhat balance each other out. Although home prices have increased, mortgage rates have decreased. Although housing inventory has decreased, pending home sales increased by more than 20% in June, according to Forbes. But what continues to tip the see-saw is the number of buyers versus sellers. Forbes says sellers waiting to list are missing out on a profitable and quick sale, while buyers must work to quickly snag a property.

According to recent studies, as of July, housing inventory nationwide declined 32.6% year-over-year while newly listed properties declined 13.4%. This summer, homes stayed on the market for 18 fewer days than a year earlier. Florida Realtors Chief Economist Dr. Brad O’Connor said, “Several factors are playing into this renewed demand for housing but, by far, the most important factors are record-low mortgage interest rates and the release of all the pent-up demand from our derailed spring buying season.”

The sunshine state in particular has been drawing buyers since the pandemic began. According to Florida Realtors, pending sales of single-family homes were up 23.2% this June compared to last June, and new pending sales of condo-townhouse units are up 19.8% this year over last. Many are happening in the suburbs — a result of people fleeing the more agglomerated areas.

Read More

Related Stories


Home Prices Are Rising Too Fast

Home sales could have been more robust if there were more listings.

Market Data + Trends

D.C. Housing Market Continues to Boom

Washington, D.C. was gearing up for a booming spring selling season before the pandemic hit. Back in March, prices were already increasing and…

Market Data + Trends

Bad Time to Buy? Increasing Number of Buyers Think So

As home prices continue climbing, the number of confident buyers dwindles. According to a new survey from Fannie Mae, the number of buyers who…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.