A technology-powered real estate brokerage just reported there are nearly 500,000 more home sellers than buyers in the U.S. right now. That’s the biggest gap on record.

We have moved towards a buyer’s market across most of the country and the data is brutal:

– Sellers outnumber buyers by 33.7% nationally
– In Miami, it’s nearly 3:1
– Condos are getting crushed with 83% more sellers than buyers
– Over 2 in 5 listings have now sat for 60+ days

What’s driving the shift:

– Rates are high, and buyers are burned out
– Inventory is up, especially in Florida and Texas
– More sellers are breaking free of the rate lock
– Economic uncertainty is freezing major purchases

The takeaway?

Sellers: You’re running out of leverage. Price it right and meet the market or prepare to sit.
Buyers: This is the most negotiating power you’ve had in years.

More signs of a structural reset are showing up every week. Follow along for the latest updates.