Map Highlights Abundant Home Choices for Buyers Nationwide

Sellers now outnumber homebuyers by a record 63%, with buyer numbers at their lowest since 2013 due to rising mortgage rates and economic fears. Over 1.5 million sellers were active, the highest since March 2020. Mortgage rates rose to 7.4%, reducing affordability. Forty-one major metros are buyer’s markets, especially in the Sun Belt, where new housing supply exceeds demand. Only five metros remain seller’s markets due to limited inventory.