Sellers can keep asking for yesterday’s price. Buyers increasingly have somewhere else to go. Redfin’s October 14 report estimates that sellers outnumbered buyers nationally by 62.6% in September, the widest gap in records beginning in 2013. Buyer numbers reached a series low, and 41 of the 50 largest metropolitan markets qualified as buyer’s markets. Miami led with 158.9% more sellers than buyers, followed by Nashville at 152.3% and Houston at 134.6%. Miami’s figure means approximately 259 sellers for every 100…
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Sellers Outnumber Buyers by 63%. Miami’s Sellers Face an Even Tougher Reality.
Sellers can keep asking for yesterday’s price. Buyers increasingly have somewhere else to go.
