In the past 48 hours, the US housing market shows a stark shift toward buyers, with 37 percent more sellers than buyers in November, up from 35.6 percent in October and double last years 17 percent gap, marking the widest imbalance since summer 2025 aside from this periods peak[2]. This buyer dominance, the strongest on record back to 2013 excluding April 2020s pandemic low, has driven negotiations for lower prices and concessions, with buyer numbers hitting the second-lowest level ever at 1.43 million, down 2.5 percent monthly and 9.4 percent yearly[2].
Active inventory rose 12.4 percent year-over-year as of mid-December, even as new listings slowed, creating a more negotiable landscape[4]. Home prices saw the weakest annual gains in over a decade, averaging just 1.8 percent rise in 2025, with half of US homes losing value amid cooling demand[5][6]. Mortgage rates held steady at 6.30 percent for 30-year loans after the Feds final cut, limiting affordability[3]. Housing's GDP share dropped to 16.1 percent, its lowest since 2023, despite overall GDP growth of 4.3 percent[1].
Sun Belt cities like Austin with 114 percent more sellers and San Antonio at 106 percent lead buyer markets, while Nassau County NY at 39.1 percent fewer sellers tops seller markets; San Francisco flipped to seller territory with 11.3 percent fewer sellers[2]. Florida faces exits due to disasters, insurance hikes, and condo fees despite high building[2].
Compared to prior months, the seller surplus widened from Aprils 35 percent hover, flipping dynamics from summers brief seller edge[2]. Leaders like Redfin note localized trends now dominate over national ones, with no major deals, launches, or regulations reported recently[2][5]. This sets a selective 2025 close, favoring patient buyers into 2026[4]. (298 words)
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This content was created in partnership and with the help of Artificial Intelligence AI