It's Now The Strongest Buyer's Market on Record, Driven by the Sun Belt
Redfin's August housing report, published under parent Rocket Companies, identifies the strongest buyer's market in its records: an estimated 57.9% more home sellers than buyers nationwide, up from 52.1% in July. Nashville leads with 139% more sellers than buyers, followed by Miami (138%) and Houston (131%), and all ten of the strongest buyer's markets are Sun Belt metros, while only five seller's markets remain, led by Nassau County, NY. A listings surge drove the record gap: 1,534,918 sellers were in the market, the most since early 2020 and up 3.9% month over month, while buyers stagnated at 972,300 after July posted the lowest buyer count on record.
Key figures
- Top metro gaps
- ["Miami 138%","Houston 131%","Orlando 122%","Las Vegas 117%","San Antonio 116%","Austin 115%","Dallas 108%"]
- Homebuyers national
- 972300
- Buyers markets count
- 36 of 49 metros analyzed
- Buyers mom change pct
- 0.1%
- Home sellers national
- 1534918
- Sellers markets count
- 5
- Sellers mom change pct
- 3.9%
- Strongest buyers market
- Nashville, 139% more sellers than buyers
- National seller surplus pct
- 57.9
- Prior month seller surplus pct
- 52.1
- Price growth buyers markets yoy
- 1.6%
- Price growth sellers markets yoy
- 5.5%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.