There’s $700 Billion in Listings Just Sitting on the Market—And Nearly Half of It Is Stale Inventory

There’s $700 Billion in Listings Just Sitting on the Market—And Nearly Half of It Is Stale Inventory

Let’s talk about what’s really happening in today’s housing market.

According to new data from Redfin, there’s nearly $700 billion worth of homes sitting on the U.S. market right now—the highest total we’ve ever seen. That’s not just because of rising prices. A big part of it is homes simply not selling. In fact, over $330 billion worth of those listings have been sitting for 60 days or longer.

Inventory is piling up. Listings are growing faster than buyers can absorb them. Homes are sitting longer. And even serious buyers are pulling back thanks to affordability issues, high monthly payments, and economic uncertainty.

Here’s what the data tells us:

Total inventory is up 20.3% year-over-year, the highest since 2012
44% of active listings haven’t sold in 60+ days
Homes are taking longer to go under contract—an average of 40 days versus 35 a year ago
There are nearly half a million more sellers than buyers in the market
Buyers are negotiating harder—and walking away more often
Why does this matter?

Because this is what a transitional market looks like. We’re coming off the post-pandemic frenzy and entering a slower, more tactical environment. That means opportunity—if you know where to look and how to move.

There’s a major mismatch between seller expectations and buyer behavior. Many of these overpriced, lingering listings are quietly turning into distressed situations. And behind those? Defaults, price drops, short sales, and eventually, foreclosures.

This is where KW Default Solutions comes in. We’re built for this part of the cycle—helping agents, investors, and teams plug into proven systems for short sales, REOs, BPOs, and auctions.

If you want to position your business for what’s coming, now is the time to:

✅ Get educated on the default side of the business
✅ Tap into tools, scripts, and partners who know how to navigate it
✅ Learn how to identify and work with motivated sellers before the banks get involved

The market is shifting. KW Default Solutions is built for this moment.
Visit KWDefaultSolutions.com or call/text 888-870-0443 to get plugged in.