The number of U.S. home sellers is down for the first time in two years.

In the last two months, an estimated 14,000 fewer people across the county were putting their homes up for sale, according to a new analysis posted Wednesday by Redfin, a Seattle-based online brokerage.

The data, based on active listings, shows:

Total sellers fell to 1.95 million in July, from May’s peak.

It’s the first drop since July 2023, when the nation’s housing supply hit a near-historic low amid rising mortgage rates .

The decline comes as buyers already are shying away from the housing market:

July’s estimated 1.43 million homebuyers is the lowest level on record, with the exception of when the start of the COVID-19 pandemic halted the market.

That means there’s still 36% more sellers than buyers,

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