{"id":82477,"date":"2025-10-06T05:00:05","date_gmt":"2025-10-06T12:00:05","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=82477"},"modified":"2025-10-03T19:33:32","modified_gmt":"2025-10-04T02:33:32","slug":"more-condo-sellers-than-buyers","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/more-condo-sellers-than-buyers\/","title":{"rendered":"There Are 72% More Condo Sellers Than Buyers in the U.S."},"content":{"rendered":"

Would-be condo buyers are spooked by high costs, including rising HOA dues and insurance fees\u2013but the silver lining is bargaining power. The gap between sellers and buyers has shrunk since springtime, though, when there were 81% more sellers.\u00a0<\/span><\/i><\/p>\n

There were an estimated 72.3% more condo sellers than buyers (108,945 more) nationwide in August. That marks the fifth straight month in which there have been at least 70% more condo sellers than buyers in the U.S. housing market.\u00a0<\/span><\/p>\n

That makes spring and summer 2025 the strongest buyer\u2019s market for condo buyers in records dating back to 2013, with the exception of April 2020, when the start of the pandemic halted homebuying activity.<\/span><\/p>\n

\"\"<\/p>\n

We estimated the number of buyers using proprietary Redfin data on the typical time from a buyer\u2019s first tour to close of purchase, and MLS data on active listings and pending sales. The estimated number of sellers in the market is simply the number of active listings in the MLS. These estimates are seasonally adjusted and subject to revision. We define a market where there are over 10% more sellers than buyers as a buyer\u2019s market and a market where there are over 10% fewer sellers than buyers as a seller\u2019s market. A market where the gap is plus or minus 10% is considered a balanced market. See a more detailed methodology<\/span> here<\/span><\/a> and view an interactive dashboard<\/span> here<\/span><\/a>. <\/span>Other housing-market stats in this report, including median sale price, is from a Redfin analysis of MLS data.\u00a0<\/span><\/p>\n

It\u2019s important to emphasize that when we say \u201cbuyer\u2019s market,\u201d we mean a market in which there are at least 10% more sellers than buyers, not that it\u2019s necessarily affordable to buy a condo.\u00a0<\/span><\/p>\n

There are several reasons why there aren\u2019t nearly enough condo buyers for all the condos on the market:<\/b><\/b><\/p>\n