US housing market sees 33.7% more sellers than buyers.
With 1.9M sellers vs. 1.5M buyers, supply-demand imbalance pressures home prices downward.
Redfin expects national home prices to fall 1% by year-end amid rising competition.
Consumer confidence is falling as listings rise and existing home sales remain “anemic.”
The Fed is unlikely to cut rates in the second half of 2025, prolonging weak housing demand.
