The U.S. housing market has reached a rare and potentially dangerous imbalance. As of April, sellers outnumbered prospective homebuyers by nearly 500,000, according to a new analysis by Redfin. This marks the largest gap between the two groups since Redfin began tracking such data in 2013, signaling a potential turning point in the real estate market that could have wide-reaching consequences. The Numbers Behind the Imbalance Redfin’s data shows that there were about 1.9 million home sellers in April compared to 1.5 million active buyers. That’s a difference of 490,041 fewer buyers than sellers. Just a year ago, sellers only outnumbered buyers by 6.5%. Two years ago, the situation was reversed, with buyers outnumbering sellers by 5.3%. This surge in … Continue reading Home Sellers Outnumber Buyers by Nearly 500,000 – ‘Correction’? or Crash?