Redfin reports homebuyers have been retreating, and now sellers are too

Seattle--(business wire)--the u.s. housing market has lost about 14,000 home sellers over the past two months, with the total number of sellers falling to 1.95 million in july from a peak of 1.96 million in may. this is according to a new report from redfin, the real estate brokerage powered by rocket. this marks the first decline since july 2023, when the supply of homes for sale bottomed out near a historic low as rising mortgage rates made homeowners reluctant to sell. still, sellers outnumb.
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