Nashville, Miami and Austin—Once Pandemic Homebuying Hotspots—Are This Spring’s Strongest Buyer’s Markets
Redfin, a subsidiary of Rocket Companies, reported that 35 of the 50 most populous U.S. metros were buyer’s markets in May, driven by a 46.9% surplus of sellers over buyers. Nashville, Miami, and Austin led the list with the highest seller-to-buyer ratios, reflecting high inventory levels and flat demand due to elevated mortgage rates.
Key figures
- Total buyers
- 1010386
- Total sellers
- 1483839
- Miami surplus pct
- 122%
- Austin surplus pct
- 116%
- Seller surplus pct
- 46.9%
- Buyer market metros
- 35
- Houston surplus pct
- 111%
- Seller market metros
- 7
- Nashville surplus pct
- 130%
- Buyer market price yoy
- 1.6%
- San antonio surplus pct
- 108%
- Seller market price yoy
- 4.3%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.