"Inventory remains a major constraint on the market. The inventory-to-sales ratio, or supply-to-demand ratio, is below historical norms. An additional 300,000 to 500,000 homes for sale would help bring the market closer to normal conditions."
"Home prices are up 60% compared to pre-pandemic figures as the country endures a prolonged housing shortage, estimated at about 4.7 million according to a 2025 Zillow report."
"In February, there were 46.3% more sellers than buyers across the U.S., representing a gap of 629,808—the largest gap in real estate firm Redfin's records going back to 2013."
The median price of existing homes reached $408,800 in March, marking the 33rd consecutive month of price increases. Despite a 3.6% decline in sales, home prices rose 1.4% year-over-year. Inventory constraints persist, with a significant housing shortage of approximately 4.7 million homes. Young buyers increasingly rely on parental assistance, and employers are offering financial help. The market shows a notable imbalance, with 46.3% more sellers than buyers, indicating a challenging environment for potential homebuyers despite the conditions suggesting a buyer's market.
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