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Where Did All the Buyers Go? Housing Market Update (November 2026)
There are now 63% more sellers than buyers, the widest gap on record. In this housing market update I go through the latest data on what’s happening to buyers, sellers, prices and inventory across the U.S. and in Florida, and what it means for you if you’re buying or selling in the next 6 months.
What we cover:
Sellers now outnumber buyers by 63%
Home prices are falling in 5 major cities, and half of sellers are cutting prices in 6 states
Foreclosures are at their highest level since 2019
Mortgage rates hit 7.24%. Goldman Sachs sees about 6.4% by late 2027
More buyers are turning to ARMs again
Monthly payments are up 97% since 2020
Mortgage purchase demand is near a 30-year low
The lock-in effect: owners pay 4.4% on average, while a new loan costs 7.24%
Housing inventory just passed 2019 levels, and Seattle listings are up 173% in 3 years
1 in 15 sellers is asking less than they paid
Investors now make up 16.6% of homes for sale
1 in 10 rentals is a home that didn’t sell
New homes now cost less than resale homes
Rental vacancy is the highest since 2014
Florida focus: homes sit 81 days (U.S. average is 61), 1 in 5 Jacksonville home deals fell apart, condos have 7.7 months of supply, and some Cape Coral ZIP codes are down as much as 25%
📍 Look up your county’s market data for free: https://movewithmomentum.com
Looking for a top agent anywhere in the U.S.? Momentum Realty is based in Jacksonville and St. Augustine and has agents nationwide through our referral network.
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**Disclaimer**: This video reflects my personal opinions based on my experience and research. It should not be taken as financial, legal, or real estate advice. Always do your own due diligence and consult qualified professionals before making decisions.