The percentage jumped by +7.1 points from November, the biggest monthly increase since September 2022.
The number of active homebuyers fell -5.9% MoM to 1.34 million, the lowest level on record.
Meanwhile, home sellers declined -1.1% MoM to 1.97 million, the lowest since February 2025.
By comparison, in November 2021, there were 36.5% fewer sellers than buyers.
This all comes as elevated housing costs and economic uncertainty continue to push buyers to the sidelines.
Buyers now hold unprecedented negotiating power, but only if they can afford to enter the market.
Source: Key_Brief_8138
5 Comments
Source: [https://x.com/KobeissiLetter/status/2015441833950695931](https://x.com/KobeissiLetter/status/2015441833950695931)
Yeah…it’s the middle of winter. Nobody wants to move in winter.
This will likely continue for a few more years until prices and affordability become more aligned. I also think corporate ownership going down and boomers aging will put downward pressure on demand over the next decade. We sold 2 years ago and likely won’t reneger until the math and backdrop becomes more favorable. Gonna be a slow decade for the housing market.
That’s one way to spin it. But if prices are still falling…if interest rates are expected to fall…..why, oh why would any one buy now? There is the crux.
It’s just because buyers have absolutely no money