1016 ET - The negotiating power held by buyers may be past its peak, according to Redfin. There were an estimated 46.5% more home sellers than buyers in the U.S. housing market in April, down from 47.5% the month before. When sellers outnumber buyers, buyers typically hold more negotiating power because they have options. High housing costs and economic uncertainty have caused many house hunters to retreat, creating the current imbalance of buyers and sellers, according to Redfin. Homebuyer demand has been dwindling for months, but ticked up in April thanks to a strengthening job market and declining recession risk, Redfin says. If the number of buyers continues to grow, more homeowners may see it as an opportunity to list their homes. There were an estimated 1 million homebuyers in the market in April and an estimated 1.5 million sellers in the market, Redfin says. (chris.wack@wsj.com)

(END) Dow Jones Newswires

May 12, 2026 10:16 ET (14:16 GMT)

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