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US Housing Market Gap Between Sellers and Buyers Reaches Widest Point Since 2013

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RKT$10.41 −3.92%

The supply-demand divide in the U.S. housing market reached its widest point since 2013 in September, as the number of available home sellers overwhelmed active buyers by 62.6%. September marked the fourth consecutive month of record imbalances between market participants. Shares of Rocket Companies, Inc. (NYSE:RKT) fell 5.72% to $10.21 on the news.

The widening divergence was driven primarily by a pullback among prospective purchasers. Active homebuyers dropped 2.4% month-over-month to an estimated 928,892, representing the lowest buyer volume on record since 2013 and the fifth straight monthly drop. Concurrently, property sellers rose 1.2% from August to 1,510,784, marking the highest seller count since March 2020. Large seller surpluses have built up across Sun Belt markets, including Miami, Nashville, and several metropolitan areas in Texas.

While the shifting dynamic gives active buyers significant leverage in negotiations, economists note the trend reflects widespread market hesitation rather than financial vitality, as prospective purchasers remain sidelined by high costs and broader economic uncertainty. Investors will watch whether mortgage rates or price adjustments attract buyers back to the market or if housing activity remains subdued.

Key points

  • The gap between U.S. home sellers and buyers expanded in September to its highest level since 2013, with 62.6% more sellers than buyers.
  • Active homebuyers fell 2.4% month-over-month to 928,892, marking a fifth consecutive monthly drop and the lowest total on record.
  • Total home sellers increased 1.2% from August to 1,510,784, reaching the highest overall volume since March 2020.
  • Significant seller surpluses emerged across Sun Belt regions, led by Miami, Nashville, and several Texas metropolitan areas.
  • Shares of Rocket Companies, Inc. (NYSE:RKT) fell 5.72% to $10.21 following the housing market update.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why did the U.S. housing market gap reach a 2013 high in September?

The gap widened because homebuyers pulled back for a fifth straight month, dropping 2.4% to 928,892, while home sellers increased 1.2% to 1,510,784, leaving 62.6% more sellers than buyers in the market.

Which U.S. regions have the largest surpluses of home sellers?

Large surpluses of home sellers are concentrated in Sun Belt markets, particularly Miami, Nashville, and several metropolitan areas across Texas.

How many active homebuyers were in the U.S. housing market in September?

There were an estimated 928,892 active homebuyers in September, representing the lowest count recorded since tracking began in 2013.