Sellers outnumber buyers by 36.8%, the largest gap since 2013, giving buyers more negotiating power, yet home prices remain about 2% higher year-over-year. Many sellers resist lowering prices, causing a mismatch with buyers focused on affordability. Markets in Texas and Florida favor buyers, while a few metros like Nassau County, NY, still favor sellers. Affordability may improve in 2026 with lower mortgage rates, but a big surge in sales is unlikely.
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