Meanwhile, Redfin estimated that in December 2025, there were 47.1 percent more home sellers than buyers—the largest gap since 2013.

A “sale pending” sign is posted in front of a home in San Anselmo, Calif., on March 22, 2023. Justin Sullivan/Getty Images
Pending home sales across America experienced a 9.3 percent decline from November to December 2025.
In its Jan. 21 pending home sales report, the National Association of Realtors (NAR) indicated last month’s numbers also represented a 3 percent year-over-year decrease in pending sales.


