Some Would-Be Home Sellers Are Stepping Back As Market Tilts Toward Buyers
By: Dana Anderson | Published: 2025-06-05 12:00:00 | Source: www.redfin.com
Many prospective homebuyers are sidelined by near-record costs and economic uncertainty, creating a buyer’s market in many parts of the country. That’s deterring some would-be sellers.
New listings of U.S. homes for sale rose 6.3% year over year during the four weeks ending June 1, one of the smallest increases of the last three months. New listings declined year over year in 11 of the 50 most populous U.S. metros, with the biggest drops in San Jose, CA and four Florida metros: Orlando, Fort Lauderdale, Tampa and West Palm Beach.
Zooming in on recent weeks, new listings fell during the second half of May. While it’s typical for listings to decline after peaking in mid-May, this year’s drop was the biggest for that time period in a decade.
On the buying side, pending…
