In Early-Q2, sellers still outnumbered buyers by ~47%, while stronger buyer activity narrowed leverage without ending buyer-friendly conditions across major markets overall.
Active buyers reached an estimated ~1M in Early-Q2, helped by a stronger job market and lower recession risk, while sellers totaled ~1.5M.
Most large metros remained buyer's markets: 34 of 49 had at least ~10% more sellers than buyers, preserving negotiating room for prepared shoppers.
7 major metros qualified as seller's markets in Early-Q2, showing select areas gained competition even as national conditions still favored buyers overall.
If demand keeps building, maximum buyer leverage may close faster, tightening timelines and reducing concessions in select markets before broader balance changes.
