Redfin published late last week its analysis of the United State’s buyer’s market, which has grown to nearly 80% of all major U.S. metros, according to July 2026 housing data. That low figure translates to a much stronger advantage for those buyers who are on the market, shifting the leverage in their favor.
At the top of the list for strongest buyer’s markets was Miami, with the Florida stronghold home to approximately 154% more sellers than buyers. It was closely followed by Nashville, which recorded an estimated 151% more sellers than buyers, per Redfin.
Rounding out the Top 5 was a triple-threat Texas powerhouse, comprising Houston at No. 3, San Antonio at No. 4 and Austin at No. 5. Those Lone Star cities’ real estate markets welcomed approximately 130%, 116% and 112% more sellers than buyers, respectively.
So, what’s the secret sauce behind a Texas-led buyer’s haven? That’s courtesy the three metro areas being home to some of the most dominant homebuilding pipelines in the United States, resulting in even more new build inventory hitting markets and leaving existing sellers with even fewer leverage opportunities, Redfin analysts revealed.
However, even with buyers having more of an advantage, high housing costs coupled by economic uncertainty and mortgage rates have left fewer prospective buyers in the thick of action, Redfin experts noted.
“Buyers are dropping out faster than sellers, giving the buyers who remain more options and more negotiating power,” Asad Khan, senior economist at Redfin, said in the report. “At the same time, uncertainty around whether the Fed will hike rates–and this summer’s rising mortgage rates–are keeping many would-be buyers on the sidelines. That makes the stretch between now and Labor Day a potential sweet spot for people who need to move: Buyers have leverage, while motivated sellers may be willing to negotiate before the early-fall rush brings some buyers back to the market. This could be the best chance for buyers and sellers to meet in the middle.”