Home Sellers Outnumber Buyers by 47% in December, Redfin Reports (NYSE: RDFN)

There were 631,535 more home sellers than buyers in December 2025, a record 47% gap, according to Redfin, the widest margin since tracking began in 2013. Despite the imbalance, existing-home prices rose to a median of $405,400—the 30th straight month of gains—amid tight inventory. Mortgage rates remained above 6% through 2025, limiting buyer affordability. Only 1.34 million buyers were active in December, the lowest on record. While total listings rose year-over-year, they dropped sharply from November. "Inventory levels remain tight," said NAR Chief Economist Lawrence Yun. "Homeowners are taking their time listing." Sales of existing homes rose 5.1% from November, the strongest monthly gain in nearly three years, yet remained near historic lows. Redfin agent Connie Durnal attributed slow sales to overpriced listings: “If you don’t price your home reasonably, it will sit.” The South and West saw the best conditions for buyers, particularly in Texas and Florida. However, buyers held an edge in Nassau County, N.Y., Montgomery County, Pa., and parts of New Jersey.