{"success":true,"data":{"pressRelease":{"id":"168811","rtpr_id":"nPn9LXc15a-20261014","ticker":"RKT","exchange":"NYSE","all_tickers":["RKT"],"title":"Redfin Reports Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap in at Least 13 Years","author":"PR Newswire","published_at":"2026-10-14T12:00:01.525Z","article_body":"Redfin Reports Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap in at Least 13 Years\nPR Newswire\n\nSEATTLE, Oct. 14, 2026\n\n * The number of buyers in the market dipped to the lowest level in records\ndating back to 2013, while the number of sellers rose to its highest level\nsince 2020\n * 41 of the 50 most populous U.S. metro areas are buyer's markets, the most in\nRedfin's records, led by Miami, Nashville and Houston\n * There are just 5 seller's markets: San Francisco, and a few Northeast metros\nSEATTLE, Oct. 14, 2026 /PRNewswire/ -- There were an estimated 62.6% more home\nsellers than buyers in the U.S. housing market in September, the biggest gap\nin records dating back to 2013. That's according to a new report\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=4201247666&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-september-2026&a=report)\n from Redfin\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=479964137&u=https%3A%2F%2Fwww.redfin.com%2F&a=Redfin)\n, the real estate brokerage powered by Rocket.\n\nThis marks the fourth record-breaking month in a row, and the margin is up\nsharply from 56.9% in August. The Sun Belt is driving the extreme buyer's\nmarket nationwide; led by huge seller surpluses in Miami, Nashville, TN, and a\nhandful of Texas metros.\n\nWhen sellers outnumber buyers, buyers typically have more negotiating power\nbecause they have options. That's why a market with a lot more sellers than\nbuyers is considered a buyer's market. Redfin defines a market where there are\nover 10% more sellers than buyers as a buyer's market and a market where there\nare over 10% fewer sellers than buyers as a seller's market. A market where\nthe gap is plus or minus 10% is considered a balanced market.\n\nIt's only a buyer's market for people who can afford to buy. High housing\ncosts and widespread economic uncertainty have caused many would-be buyers to\nback off in recent years, creating the imbalance of buyers and sellers today.\n\n\"This is a buyer's market born out of caution, not strength,\" said Asad Khan,\na senior economist at Redfin. \"Buyers have tremendous negotiating power in\nmost of the country because so many other would-be buyers have been priced out\nof the market, or scared off by economic uncertainty. For house hunters who\nhave the budget and job security to purchase a home in today's market, that\ncreates a unique opportunity: They can be picky, negotiate and even walk away\nif the deal doesn't make sense financially or they find something they like\nbetter. The irony is that in terms of supply, these are some of the best\nconditions for buyers in many years—but they have arrived at a time when\ncosts are so high that fewer people can afford to take advantage of them.\"\n\nHomebuyer Count Drops to Lowest Level on Record, Driving Gap Between Sellers\nand Buyers\n\nThe gap between buyers and sellers widened in September because buyers pulled\nback, while sellers kept showing up.\n\nThere were an estimated 928,892 homebuyers in the market nationwide in\nSeptember, the lowest level in records dating back through 2013. That's down\n2.4% from a month earlier, the fifth straight monthly decline.\n\nOn the flip side, there were an estimated 1,510,784 home sellers in the\nmarket, the most since March 2020. That's up 1.2% month over month.\n\nThe number of homes on the market is rising largely because many homes are\nlingering without finding buyers. That builds up a big pool of listings, and\neach month, new listings add to that pool.\n\nHomeowners have continued listing despite falling demand because many have\nsimply given up waiting. After years on the sidelines hoping rates would drop\nor demand would rebound, some sellers see little reason to keep waiting,\nespecially with prices still elevated enough to sell at a gain. Some\nhomeowners are choosing to sell now because they're concerned prices could\ndrop if they wait longer. Others are listing out of necessity: new jobs,\ngrowing families, divorce or retirement, for example. But note that many\nhomeowners who don't need to move may decide not to list, or pull their homes\noff the market: Many have substantial equity, and the relatively strong job\nmarket means there's typically not much pressure to sell.\n\nBuyers Have More Negotiating Power in Miami Than Anywhere Else in the Country\n\nOver 80% of U.S. metro areas—41 of the 50 U.S. metro areas Redfin\nanalyzed—are buyer's markets. That's the most in records dating back through\n2013.\n\nFor the second month in a row, Miami, Nashville and Houston have the biggest\nsurpluses of sellers over buyers. In the top 13 buyer's markets, there were\nmore than twice as many sellers as buyers in September. All of them are\nlocated in the Sun Belt; four are in Texas and four are in Florida.\n\nThe Sun Belt—particularly Texas and Florida—is home to some of the\nnation's biggest buyer's markets partly because homebuilding has been so\nrobust. Builders continue to add newly constructed homes even as buyer demand\nhas cooled, contributing to a buildup of inventory and giving buyers more\noptions and negotiating power.\n\nDemand has cooled largely because buyers are increasingly priced out, with\nmortgage rates rising and home prices holding up. And in Florida, other costs\nassociated with homebuying are rising, too, including HOA\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=3444126952&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhoa-fees-surge-florida-2024%2F&a=HOA)\n and insurance fees.\n\nFour metros were \"balanced\" in September—neither buyer's nor seller's\nmarkets. Two New England metros are trending toward becoming buyer's markets:\nBoston, where sellers outnumbered buyers by 7.4% after being roughly even the\nmonth before, and Providence, RI, where sellers outnumbered buyers by 2.4%, a\nreversal from the prior month, when there were 7.4% fewer sellers than\nbuyers.\n\nIn Nearly All the Buyer's Markets, Buyers Got Even More Power\n\nThe surplus of home sellers over buyers grew month over month in all but two\nof the buyer's markets in the nation in September.\n\nThe surplus increased most in Miami, which also has the biggest surplus of\nsellers over buyers; there were 158.9% more sellers than buyers in September,\nup from 134.5% the month before. The next-biggest monthly increase was in\nTampa, where there were 103.7% more sellers than buyers in September, up from\n82.2% in August. Warren, MI rounds out the top three (47.1% more sellers than\nbuyers, up from 27.3%).\n\nHouse hunters lost negotiating power in just two buyer's markets. The surplus\nof sellers over buyers fell from August to September in St. Louis and Detroit,\nboth of which are tilted in buyers' favor, but not nearly as much as the Sun\nBelt metros. In Detroit, there were 37.9% more sellers than buyers in\nSeptember, down from 46.5% the month before. In St. Louis, it was 24.5%, down\nfrom 26.9%.\n\nThere Are Just 5 Seller's Markets, Including New York City Suburbs and San\nFrancisco\n\nJust five of the major U.S. metro areas Redfin analyzed were seller's markets\nin September.\n\nNassau County, NY was the number-one seller's market, with 28.6% fewer sellers\nthan buyers.\n\nThe other seller's markets were Montgomery County, PA (-22.7%), Newark, NJ\n(-18.5%), Milwaukee (-16.1%) and San Francisco (-10.6%). That's the second\nmonth in a row those five were the only seller's markets in the nation.\n\nThe seller's markets are concentrated in places where limited homebuilding has\nkept housing supply tight. In the greater New York City area, years of\nconstrained construction, combined with strong demand for homes near a major\njob center, have left buyers competing for relatively few listings. In San\nFrancisco, the housing market has heated up as the AI boom creates wealth\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=2975763205&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ftwo-tech-cities-housing-san-francisco-seattle%2F&a=AI+boom+creates+wealth)\n, fueling an increase in home sales and competition among buyers.\n\nHome-sale prices rose an average of 6.4% year over year across the five\nseller's markets in August. That's compared with a 1% uptick across all of the\nbuyer's markets—a sign that in seller's markets, competition among buyers is\npushing up home prices.\n\nTo view the full report, including more metro-level data and methodology,\nplease visit:\n\nhttps://www.redfin.com/news/buyers-vs-sellers-september-2026\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=2375746279&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-september-2026&a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-september-2026)\n\nAbout Redfin\n\nRedfin is a technology-driven real estate company with the country's\nmost-visited real estate brokerage website. As part of Rocket Companies (NYSE:\nRKT), Redfin is creating an integrated homeownership platform from search to\nclose to make the dream of homeownership more affordable and accessible for\neveryone. Redfin's clients can see homes first with on-demand tours, easily\napply for a home loan with Rocket Mortgage, and save thousands in fees while\nworking with a top local agent.\n\nYou can find more information about Redfin and get the latest housing market\ndata and research at https://www.redfin.com/news\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=1046677574&u=https%3A%2F%2Fwww.redfin.com%2Fnews&a=https%3A%2F%2Fwww.redfin.com%2Fnews)\n. For more information about Rocket Companies, visit\nhttps://www.rocketcompanies.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=316681970&u=https%3A%2F%2Fwww.rocketcompanies.com%2F&a=https%3A%2F%2Fwww.rocketcompanies.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/redfin-reports-home-sellers-now-outnumber-buyers-by-63-the-biggest-gap-in-at-least-13-years-302908048.html\n(https://www.prnewswire.com/news-releases/redfin-reports-home-sellers-now-outnumber-buyers-by-63-the-biggest-gap-in-at-least-13-years-302908048.html)\n\nSOURCE Redfin\n\n\n\nContact Redfin Journalist Services: Kenneth Applewhaite, press@redfin.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS690711/Redfin-Powered-by-Rocket-Logo.jpg?id=OA3017604\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9LXc15a-20261014","title":"Redfin Reports Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap in at Least 13 Years","author":"PR Newswire","ticker":"RKT","created":"2026-10-14T12:00:01.525Z","tickers":["RKT"],"exchange":"NYSE","article_body":"Redfin Reports Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap in at Least 13 Years\nPR Newswire\n\nSEATTLE, Oct. 14, 2026\n\n * The number of buyers in the market dipped to the lowest level in records\ndating back to 2013, while the number of sellers rose to its highest level\nsince 2020\n * 41 of the 50 most populous U.S. metro areas are buyer's markets, the most in\nRedfin's records, led by Miami, Nashville and Houston\n * There are just 5 seller's markets: San Francisco, and a few Northeast metros\nSEATTLE, Oct. 14, 2026 /PRNewswire/ -- There were an estimated 62.6% more home\nsellers than buyers in the U.S. housing market in September, the biggest gap\nin records dating back to 2013. That's according to a new report\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=4201247666&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-september-2026&a=report)\n from Redfin\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=479964137&u=https%3A%2F%2Fwww.redfin.com%2F&a=Redfin)\n, the real estate brokerage powered by Rocket.\n\nThis marks the fourth record-breaking month in a row, and the margin is up\nsharply from 56.9% in August. The Sun Belt is driving the extreme buyer's\nmarket nationwide; led by huge seller surpluses in Miami, Nashville, TN, and a\nhandful of Texas metros.\n\nWhen sellers outnumber buyers, buyers typically have more negotiating power\nbecause they have options. That's why a market with a lot more sellers than\nbuyers is considered a buyer's market. Redfin defines a market where there are\nover 10% more sellers than buyers as a buyer's market and a market where there\nare over 10% fewer sellers than buyers as a seller's market. A market where\nthe gap is plus or minus 10% is considered a balanced market.\n\nIt's only a buyer's market for people who can afford to buy. High housing\ncosts and widespread economic uncertainty have caused many would-be buyers to\nback off in recent years, creating the imbalance of buyers and sellers today.\n\n\"This is a buyer's market born out of caution, not strength,\" said Asad Khan,\na senior economist at Redfin. \"Buyers have tremendous negotiating power in\nmost of the country because so many other would-be buyers have been priced out\nof the market, or scared off by economic uncertainty. For house hunters who\nhave the budget and job security to purchase a home in today's market, that\ncreates a unique opportunity: They can be picky, negotiate and even walk away\nif the deal doesn't make sense financially or they find something they like\nbetter. The irony is that in terms of supply, these are some of the best\nconditions for buyers in many years—but they have arrived at a time when\ncosts are so high that fewer people can afford to take advantage of them.\"\n\nHomebuyer Count Drops to Lowest Level on Record, Driving Gap Between Sellers\nand Buyers\n\nThe gap between buyers and sellers widened in September because buyers pulled\nback, while sellers kept showing up.\n\nThere were an estimated 928,892 homebuyers in the market nationwide in\nSeptember, the lowest level in records dating back through 2013. That's down\n2.4% from a month earlier, the fifth straight monthly decline.\n\nOn the flip side, there were an estimated 1,510,784 home sellers in the\nmarket, the most since March 2020. That's up 1.2% month over month.\n\nThe number of homes on the market is rising largely because many homes are\nlingering without finding buyers. That builds up a big pool of listings, and\neach month, new listings add to that pool.\n\nHomeowners have continued listing despite falling demand because many have\nsimply given up waiting. After years on the sidelines hoping rates would drop\nor demand would rebound, some sellers see little reason to keep waiting,\nespecially with prices still elevated enough to sell at a gain. Some\nhomeowners are choosing to sell now because they're concerned prices could\ndrop if they wait longer. Others are listing out of necessity: new jobs,\ngrowing families, divorce or retirement, for example. But note that many\nhomeowners who don't need to move may decide not to list, or pull their homes\noff the market: Many have substantial equity, and the relatively strong job\nmarket means there's typically not much pressure to sell.\n\nBuyers Have More Negotiating Power in Miami Than Anywhere Else in the Country\n\nOver 80% of U.S. metro areas—41 of the 50 U.S. metro areas Redfin\nanalyzed—are buyer's markets. That's the most in records dating back through\n2013.\n\nFor the second month in a row, Miami, Nashville and Houston have the biggest\nsurpluses of sellers over buyers. In the top 13 buyer's markets, there were\nmore than twice as many sellers as buyers in September. All of them are\nlocated in the Sun Belt; four are in Texas and four are in Florida.\n\nThe Sun Belt—particularly Texas and Florida—is home to some of the\nnation's biggest buyer's markets partly because homebuilding has been so\nrobust. Builders continue to add newly constructed homes even as buyer demand\nhas cooled, contributing to a buildup of inventory and giving buyers more\noptions and negotiating power.\n\nDemand has cooled largely because buyers are increasingly priced out, with\nmortgage rates rising and home prices holding up. And in Florida, other costs\nassociated with homebuying are rising, too, including HOA\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=3444126952&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhoa-fees-surge-florida-2024%2F&a=HOA)\n and insurance fees.\n\nFour metros were \"balanced\" in September—neither buyer's nor seller's\nmarkets. Two New England metros are trending toward becoming buyer's markets:\nBoston, where sellers outnumbered buyers by 7.4% after being roughly even the\nmonth before, and Providence, RI, where sellers outnumbered buyers by 2.4%, a\nreversal from the prior month, when there were 7.4% fewer sellers than\nbuyers.\n\nIn Nearly All the Buyer's Markets, Buyers Got Even More Power\n\nThe surplus of home sellers over buyers grew month over month in all but two\nof the buyer's markets in the nation in September.\n\nThe surplus increased most in Miami, which also has the biggest surplus of\nsellers over buyers; there were 158.9% more sellers than buyers in September,\nup from 134.5% the month before. The next-biggest monthly increase was in\nTampa, where there were 103.7% more sellers than buyers in September, up from\n82.2% in August. Warren, MI rounds out the top three (47.1% more sellers than\nbuyers, up from 27.3%).\n\nHouse hunters lost negotiating power in just two buyer's markets. The surplus\nof sellers over buyers fell from August to September in St. Louis and Detroit,\nboth of which are tilted in buyers' favor, but not nearly as much as the Sun\nBelt metros. In Detroit, there were 37.9% more sellers than buyers in\nSeptember, down from 46.5% the month before. In St. Louis, it was 24.5%, down\nfrom 26.9%.\n\nThere Are Just 5 Seller's Markets, Including New York City Suburbs and San\nFrancisco\n\nJust five of the major U.S. metro areas Redfin analyzed were seller's markets\nin September.\n\nNassau County, NY was the number-one seller's market, with 28.6% fewer sellers\nthan buyers.\n\nThe other seller's markets were Montgomery County, PA (-22.7%), Newark, NJ\n(-18.5%), Milwaukee (-16.1%) and San Francisco (-10.6%). That's the second\nmonth in a row those five were the only seller's markets in the nation.\n\nThe seller's markets are concentrated in places where limited homebuilding has\nkept housing supply tight. In the greater New York City area, years of\nconstrained construction, combined with strong demand for homes near a major\njob center, have left buyers competing for relatively few listings. In San\nFrancisco, the housing market has heated up as the AI boom creates wealth\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=2975763205&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ftwo-tech-cities-housing-san-francisco-seattle%2F&a=AI+boom+creates+wealth)\n, fueling an increase in home sales and competition among buyers.\n\nHome-sale prices rose an average of 6.4% year over year across the five\nseller's markets in August. That's compared with a 1% uptick across all of the\nbuyer's markets—a sign that in seller's markets, competition among buyers is\npushing up home prices.\n\nTo view the full report, including more metro-level data and methodology,\nplease visit:\n\nhttps://www.redfin.com/news/buyers-vs-sellers-september-2026\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=2375746279&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-september-2026&a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-september-2026)\n\nAbout Redfin\n\nRedfin is a technology-driven real estate company with the country's\nmost-visited real estate brokerage website. As part of Rocket Companies (NYSE:\nRKT), Redfin is creating an integrated homeownership platform from search to\nclose to make the dream of homeownership more affordable and accessible for\neveryone. Redfin's clients can see homes first with on-demand tours, easily\napply for a home loan with Rocket Mortgage, and save thousands in fees while\nworking with a top local agent.\n\nYou can find more information about Redfin and get the latest housing market\ndata and research at https://www.redfin.com/news\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=1046677574&u=https%3A%2F%2Fwww.redfin.com%2Fnews&a=https%3A%2F%2Fwww.redfin.com%2Fnews)\n. For more information about Rocket Companies, visit\nhttps://www.rocketcompanies.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4797417-1&h=316681970&u=https%3A%2F%2Fwww.rocketcompanies.com%2F&a=https%3A%2F%2Fwww.rocketcompanies.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/redfin-reports-home-sellers-now-outnumber-buyers-by-63-the-biggest-gap-in-at-least-13-years-302908048.html\n(https://www.prnewswire.com/news-releases/redfin-reports-home-sellers-now-outnumber-buyers-by-63-the-biggest-gap-in-at-least-13-years-302908048.html)\n\nSOURCE Redfin\n\n\n\nContact Redfin Journalist Services: Kenneth Applewhaite, press@redfin.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS690711/Redfin-Powered-by-Rocket-Logo.jpg?id=OA3017604\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-14T12:00:02.274891148Z","server_sent_at_ms":1791979202274},"received_at":"2026-10-14T12:00:02.325Z","source_url":"https://www.prnewswire.com/news-releases/redfin-reports-home-sellers-now-outnumber-buyers-by-63-the-biggest-gap-in-at-least-13-years-302908048.html"},"analysis":{"id":"157071","press_release_id":"168811","analysis_json":{"industry":{"label":"Mortgage Finance","sector":"Financials"},"redFlags":["Record-low homebuyer demand signals continued pressure on mortgage origination volumes for Rocket","Widening buyer's-market conditions in key Sun Belt markets where homebuilding remains robust"],"eventType":"other","narrative":"Redfin, the brokerage owned by Rocket Companies, reports home sellers outnumbered buyers by an estimated 62.6% in September — the widest gap in records back to 2013 and the fourth straight record month.\n\nThe buyer count fell to 928,892, the lowest on record and down 2.4% month over month, while sellers rose to 1,510,784, the most since March 2020. Miami, Nashville and Houston lead 41 of 50 major metros now classified as buyer's markets.\n\nFor Rocket, the report underscores a soft origination environment: high costs and economic caution are keeping buyers sidelined nationwide, with only five seller's markets concentrated in supply-constrained Northeast metros and San Francisco.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Record seller-buyer imbalance is a demand headwind for Rocket's origination pipeline despite Redfin brand visibility."},"keyFigures":{"customDimensions":{"august_gap":"56.9%","seller_buyer_gap":"62.6% more sellers than buyers in September, biggest gap since 2013","buyers_mom_change":"-2.4%","sellers_mom_change":"+1.2%","buyers_markets_count":"41 of 50 metros","homebuyers_september":928892,"miami_seller_surplus":"158.9%","tampa_seller_surplus":"103.7%","homesellers_september":1510784,"sellers_markets_count":"5","buyers_market_price_growth":"+1%","sellers_market_price_growth":"+6.4% YoY"}},"quotedText":"This is a buyer's market born out of caution, not strength","namedEntities":{"people":[{"name":"Asad Khan","role":"Senior Economist at Redfin"},{"name":"Kenneth Applewhaite","role":"Redfin press contact"}],"products":["Redfin brokerage website"],"companies":[{"name":"Redfin","ticker":"RKT","relationship":"subsidiary of Rocket Companies"},{"name":"Rocket Companies","ticker":"RKT","relationship":"filer/parent"},{"name":"Rocket Mortgage","relationship":"subsidiary/brand"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"This is a Redfin (Rocket-owned) housing-market data report, not an issuer financial disclosure. The record 62.6% seller-buyer surplus and record-low buyer count signal weak origination demand, which is a modest negative for Rocket's mortgage business, but no company financials or guidance are affected directly."},"tickerRelevance":{"others":[],"primary":"RKT"},"globalImportance":25,"audienceRelevance":45,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap household mortgage brand","eventGravity":"market data report, not issuer disclosure","directFinancialImpact":"indirect via origination demand","housingMacroRelevance":"high for retail housing watchers"}},"event_type":"other","event_type_secondary":null,"sentiment":"bearish","material_impact_score":2,"narrative":"Redfin, the brokerage owned by Rocket Companies, reports home sellers outnumbered buyers by an estimated 62.6% in September — the widest gap in records back to 2013 and the fourth straight record month.\n\nThe buyer count fell to 928,892, the lowest on record and down 2.4% month over month, while sellers rose to 1,510,784, the most since March 2020. Miami, Nashville and Houston lead 41 of 50 major metros now classified as buyer's markets.\n\nFor Rocket, the report underscores a soft origination environment: high costs and economic caution are keeping buyers sidelined nationwide, with only five seller's markets concentrated in supply-constrained Northeast metros and San Francisco.","key_figures":{"customDimensions":{"august_gap":"56.9%","seller_buyer_gap":"62.6% more sellers than buyers in September, biggest gap since 2013","buyers_mom_change":"-2.4%","sellers_mom_change":"+1.2%","buyers_markets_count":"41 of 50 metros","homebuyers_september":928892,"miami_seller_surplus":"158.9%","tampa_seller_surplus":"103.7%","homesellers_september":1510784,"sellers_markets_count":"5","buyers_market_price_growth":"+1%","sellers_market_price_growth":"+6.4% YoY"}},"named_entities":{"people":[{"name":"Asad Khan","role":"Senior Economist at Redfin"},{"name":"Kenneth Applewhaite","role":"Redfin press contact"}],"products":["Redfin brokerage website"],"companies":[{"name":"Redfin","ticker":"RKT","relationship":"subsidiary of Rocket Companies"},{"name":"Rocket Companies","ticker":"RKT","relationship":"filer/parent"},{"name":"Rocket Mortgage","relationship":"subsidiary/brand"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-14T12:00:20.989Z","global_importance":25,"audience_relevance":45,"importance_components":{"tickerTier":"large-cap household mortgage brand","eventGravity":"market data report, not issuer disclosure","directFinancialImpact":"indirect via origination demand","housingMacroRelevance":"high for retail housing watchers"}},"durationMs":7218,"modelName":"glm-5.3-flashx"}}