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The United States has nearly 50 percent more home sellers than home buyers, a new analysis suggests, a shift that could put downward pressure on prices even as high mortgage rates continue to strain affordability.
New estimates published by Redfin on March 23 found that, as of February 2026, there were 630,000 more people selling homes than buying them. That is the largest gap the online real estate brokerage has recorded since it began tracking the data in 2013.
Redfin said the seller-to-buyer ratio climbed to 46.3 percent in February, marking a record high. The ratio rose to about 30 percent at the start of the COVID-19 pandemic, then swung to roughly minus 30 percent in 2021 as buyers vastly outnumbered sellers. It has since reversed course, returning to early COVID-19 pandemic levels in spring 2025 before surging to a new peak this year….
New estimates published by Redfin on March 23 found that, as of February 2026, there were 630,000 more people selling homes than buying them. That is the largest gap the online real estate brokerage has recorded since it began tracking the data in 2013.
Redfin said the seller-to-buyer ratio climbed to 46.3 percent in February, marking a record high. The ratio rose to about 30 percent at the start of the COVID-19 pandemic, then swung to roughly minus 30 percent in 2021 as buyers vastly outnumbered sellers. It has since reversed course, returning to early COVID-19 pandemic levels in spring 2025 before surging to a new peak this year….
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