Only three major US metros remain seller's markets
RKT•Only three of the 50 largest US housing markets favored sellers in October 2026, matching April 2020’s record low. Nationwide, sellers outnumbered buyers by 70.5%, the widest gap since records began in 2013.
1. Seller advantage narrows
Only three of the 50 largest US housing markets favored sellers in October, matching the record low set in April 2020. Nationwide, sellers outnumbered buyers by 70.5%, the widest gap since records began in 2013 and the sixth consecutive monthly record.
2. Buyers face higher rates
Buyer numbers fell 2% month over month to a record-low 895,752, while sellers increased 0.9% to 1,526,984. Mortgage rates averaged 7.33%, up from 6.86% in September, pricing more prospective buyers out of the market. Buyers held the advantage in 41 major markets; in Miami, sellers outnumbered buyers by 195.8%.
