TEXAS — When it comes to buying homes, Texans have a wide range of options in some of the state’s largest metros.
According to a report from real estate brokerage Redfin, Austin, San Antonio, Dallas and Houston have some of the strongest buyers’ markets in the U.S., with the four Texas cities ranking in the top 10 nationally.
The strongest buyers’ market in the nation is in Austin, where home sellers outnumber buyers by 130%. There are about 17,403 sellers and 7,568 buyers in the state’s capital city.
San Antonio is at No. 6 with 18,343 home sellers and 8,782 buyers — a 108.9% difference.
Next is Dallas at No. 7 with 31,926 sellers and 15,934 buyers, meaning buyers are outnumbered by 100.4%.
At No. 10 is Houston with 43,486 sellers and 23,659 buyers, or 83.8% more people selling their properties than those buying.
Redfin Premier real estate agent Andrew Vallejo says lower rent prices in Austin contribute to fewer people being in the market to buy.
“Rents have gone down so much in Austin that a lot of people are opting to rent instead of buy,” Vallejo said. “If a home is listed for sale at $500,000 with today’s mortgage rates and a 5% down payment, your monthly payment would be around $4,000, but you could rent that same property for $2,500 a month.”
Austin also had approximately 130% more people selling homes than buying in September — an 81% increase compared to 2024. According to Redfin’s report, the 49-percentage-point gain is the biggest among the 50 most populous metros in the nation.
Overall, the report notes that the U.S. has seen a shrinking pool of homebuyers due to economic uncertainty and high home prices and mortgage rates. There have also been fewer home sellers across the nation overall due to worries about low demand and buyers having more power to negotiate.
“Still, the buyer-seller gap remains nearly as large as ever—especially in places that have been building a lot of homes, like Florida and Texas,” the report says.
See the full report here.