Buyer’s Market 2025: What 500,000 More Sellers Than Buyers Means for Boise Real Estate - Redfin Report Recap

📍 Written by Sarah Breck, Boise Real Estate Agent

The U.S. housing market has officially flipped—and the numbers are hard to ignore. According to a recent Redfin report, there are nearly 500,000 more home sellers than buyers, the largest gap on record since 2013. That imbalance is driving the market into clear buyer’s market territory.

If you’re in Boise, Idaho, and thinking about buying or selling a home, here’s what you need to know about how this shift might affect your plans, your pricing, and your purchasing power.

📊 Why Are There So Many Sellers?

There are a few big reasons why sellers are dominating the market right now:

• High mortgage rates: The average 30-year fixed rate hovered around 6.73% in April 2025, making monthly payments tough for new buyers.

• Expensive home prices: The median sale price rose to $431,931—even modest increases are keeping many would-be buyers on the sidelines.

• Life changes force moves: Homeowners who’ve been “locked in” with ultra-low pandemic rates are finally moving on due to job changes, lifestyle needs, or simply outgrowing their space.

As a result, sellers are re-entering the market in waves—even while buyers are holding back.

📍 Boise Real Estate in a Buyer’s Market

Keyword: Buyer’s Market In Boise, we’re seeing the effects of this buyer’s market firsthand. Inventory is rising, homes are sitting longer, and price reductions are becoming more common. While we’re not quite at Miami levels (where there are 3 sellers for every buyer), we are clearly shifting away from the red-hot seller’s market of the last few years.

This is important because if you’re listing a home right now, your pricing strategy and presentation matter more than ever. The competition is fierce, and buyers have options. On the flip side, buyers are finally gaining leverage—and that’s a welcome change.

💰 Advice for Sellers: Time Is Not on Your Side

If you’re considering selling your home, you may want to act sooner rather than later. Here's why:

• Redfin expects home prices to fall by 1% nationally by the end of 2025

• 44% of April listings sat for 60+ days, the highest percentage since 2020

• Many sellers are still pricing homes based on outdated comps from 2021 or early 2022—and it’s costing them

Overpricing right now isn’t just risky—it’s a great way to have your listing go stale. If your home has been sitting longer than a month, it may be time to rethink your strategy or make key improvements.

🔑 Tips for Buyers: Your Window Might Be Opening

Yes, homes are still expensive, and mortgage rates aren’t exactly friendly—but there’s good news:

• Sellers are negotiating again (hello, $10K in concessions!)

• Homes that were out of reach six months ago may now be within budget

• You might even be able to avoid a bidding war altogether

If you’re a buyer in today’s market, this could be your moment. Just make sure to stay realistic, keep your pre-approval up to date, and take advantage of increased inventory and softened prices.

🧠 Market History: Why This Trend Matters

We’ve seen this dynamic before. In 2018, when mortgage rates jumped, sellers briefly outnumbered buyers and price growth slowed significantly. The same happened in 2014—and it’s happening again now.

The takeaway? When sellers outnumber buyers, home prices tend to cool. And right now, the imbalance is bigger than ever.

🎯 Final Thoughts: Strategy Is Everything

Whether you’re buying your first home, preparing to list your current one, or just keeping tabs on the Boise market, the key is strategy. Understand your local market dynamics, adjust expectations, and work with an agent who knows how to navigate shifting conditions (👋 hi, that's me).

📞 Ready to talk about your next move in Boise?Let’s connect for a free consultation and put a smart plan in place for your goals. Schedule a call here.