There are now nearly 50% more home sellers than buyers as gap widens to a record 630,000. But it's only a buyer's market if you can afford it

(Credit: David Paul Morris/Bloomberg via Getty Images)

Home buyers have gained even more leverage over sellers as housing market supply continues to overwhelm tepid demand.

In February, there were 46.3% more sellers than buyers, representing a gap of 629,808, the largest in Redfin’s records going back to 2013, the real estate company said in a report on Monday.