Buyers Take the Wheel: US Housing Market Flips as Inventory Surges and Prices Dip

Homes are spending longer on the market as buyers gain control of negotiations. (Credit: Via Pinterest)

For the first time in over a decade, home buyers have taken the lead in the US housing market as dramatic increase in supply, coupled with cooling demand, has tipped the balance in buyers' favour.

According to Redfin, more than 500,000 more homes were listed than there were buyers in April 2025, a 33.7% surplus and the highest imbalance since records began in 2013.