In April, the U.S. housing market had 46.5% more sellers than buyers, down from previous months, indicating buyers' negotiating power may have peaked. A buyer’s market occurs when sellers exceed buyers by over 10%. Buyer demand rose 2% in April, while sellers increased 1.3%. Most metro areas remain buyer’s markets, but some are weakening. High home costs and economic uncertainty limit buyers, while new construction and regional factors affect market balance.