Overview

As we move deeper into the 2025 housing market, a key question buyers, sellers, and analysts are asking is:
“Is demand keeping up with the number of homes hitting the market?”

We analyzed recent housing data across multiple metro areas, focusing on two critical indicators:
New Listings vs. Homes Sold. Here’s what the trend tells us.

The Data Speaks: Listings Outpace Sales

Our monthly analysis shows a consistent pattern:
➡️ More homes are being listed than sold across all tracked months.

Even as seasonal market shifts occur, the gap between new listings and closed sales has remained steady or widened — meaning supply is outpacing demand.

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🗽 New York, NY

New York shows the biggest gap between supply and demand — nearly 2,300 more homes listed than sold. This suggests a cooling market with plenty of inventory.

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🌴 Miami, FL

Miami had over 1,400 more listings than sales, pointing to slower buyer activity or potential over-listing. Buyers have more options right now.

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🌇 Los Angeles, CA

L.A. recorded a gap of about 1,200 homes, indicating that while demand remains active, supply is still outpacing it.

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🌧️ Seattle, WA

Seattle had a moderate gap of about 700 more listings than homes sold, showing a slightly oversupplied market but still relatively balanced compared to other cities.

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🌁 San Francisco, CA

San Francisco’s gap is the smallest — just about 90 more listings than sales. This suggests a tight market where supply and demand are nearly matched.

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Key Takeaways

Buyers have more choices, and competition is easing.

Here’s what that might lead to:

• 🕒 Longer time on market for sellers.
• 💸 More price drops to attract buyers.
• 📦 Rising inventory if unsold homes pile up.

This isn’t necessarily bad news — it could mean the market is balancing after a few years of frenzied buyer activity.

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Insights

More homes are being listed than sold, and unless more buyers jump in, that trend could continue.

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Final Thoughts & Call to Action

📈 What Should You Watch Next?

To fully understand where this trend is headed, keep an eye on:

• Months of Supply: Is inventory building up?
• Pending Sales: Are deals still moving forward?
• Price Drops: Are sellers adjusting their expectations?

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Stay tuned for our next post where we’ll break down the Months of Supply — a key signal of whether the market favors buyers or sellers right now.

🔗 View the interactive dashboard:
Housing Market Check: Are Homes Selling as Fast as They’re Listed?