This year's housing market was the least affordable since 2013

• In 2023, only 15.5% of homes were affordable for the typical household, per Redfin.
• That's down from 20.7% in 2022 and the lowest share ever for Redfin records going back to 2013.
• The total number of affordable homes for sale was down 40.9% from 2022.

This year was the least affordable year for the US housing market on record, based on Redfin data going back to 2013.

In 2023, 15.5% of homes were affordable for the typical US household. That dropped from 20.7% in 2022, and is down from 40% in 2019 before the pandemic buying boom.