Only Three Major US Metros Remain Seller's Markets, Redfin Reports

By Public Technologies12:45 (UTC), 12 November 2026 Updated

Only three of the 50 largest US housing markets favored sellers in October 2026, matching April 2020’s record low.
Nationwide, sellers outnumbered buyers by 70.5%, the widest gap since records began in 2013 and the sixth consecutive monthly record.
Buyer numbers fell 2% month over month to a record-low 895,752; sellers increased 0.9% to 1,526,984.
Mortgage rates averaged 7.33%, up from 6.86% in September, pricing more prospective buyers out of the market.
Buyers held the advantage in 41 major markets, led by Miami, where sellers outnumbered buyers by 195.8%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE96017) on November 12, 2026, and is solely responsible for the information contained therein.