Home Sellers Now Outnumber Buyers in Record Numbers. Here’s What It Means for Home Prices.

Home sellers now substantially outnumber home buyers in the U.S., indicating a shift to a buyer’s market, according to an analysis released on Thursday by real estate brokerage Redfin. Sellers outnumbered buyers by 33.7% in April, representing a gap of 490,041 people — the largest difference since Redfin began compiling this data in 2013.

Redfin estimates that there were approximately 1.9 million home sellers and 1.5 million homebuyers in the U.S. in April. This marks the highest number of home sellers since March 2020.

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“At no other point