Headline Roundup • June 4th, 2025
US Home Listings Hit Record $698 Billion: Redfin
Summary from the AllSides News Team
A new report from real estate service Redfin found $698 billion worth of homes are currently for sale in the US, the highest since Redfin began tracking in 2012.
The Details: Sellers currently outnumber buyers 1.9 million to 1.5 million, a stark reversal from the beginning of the COVID-19 pandemic through 2022, when buyers heavily outnumbered sellers. Almost half of the listings currently on the market have gone “stale,” as Redfin describes them, meaning they have been on the market for over 60 days without a contract.
For Context: Redfin determined the number of sellers based on active listings in a given area and developed a model to estimate the number of buyers. According to federal data, the median price of sold homes in the US during the first three months of 2025 was $417,000, a 33% increase from 2019.
How The Media Covered It: The story was not very widely covered by mainstream media, and coverage was particularly scant from the right.
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Featured Coverage of this Story
It's a buyer's market in real estate — if you can afford it: There are nearly 500,000 more home sellers than buyers in the U.S. housing market, Redfin estimates.
Why it matters: That's the widest gap on record — and a big reversal from just a few years ago, when home buyers were desperate to find a place to live, sending prices into the stratosphere.
By the numbers: There are 33.7% more sellers than buyers now. At no other point since Redfin began tracking in 2013 have sellers outnumbered buyers by this large a percentage.
Rising inventory and dwindling demand across the United States have led to the accumulation of a record $698 billion worth of homes for sale, the highest dollar amount recorded by Redfin since the real estate brokerage started tracking data in 2012.
It is terrible news for homeowners who might have bought their homes at stellar prices during the pandemic and are now unlikely to fetch the same amount reselling their property. But it is good news for prospective homebuyers who, despite still being burdened by historically elevated mortgage rates and rising costs,...
Getty Images/iStockphoto
There are so many homes listed for sale in the US that the combined worth is a jaw-dropping number that has hit an all-time high.
A total of $698 billion worth of homes are currently for sale across the country, Redfin reports.
That number is up 20.3 percent from a year ago.
It's the highest dollar amount ever sitting on the market at once, with many sellers offering concessions like slashing prices in order to move their home.
The report is based on an analysis of listings going back through 2012.
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