{"id":915005,"date":"2026-11-12T17:30:08","date_gmt":"2026-11-12T17:30:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/915005\/"},"modified":"2026-11-12T17:30:08","modified_gmt":"2026-11-12T17:30:08","slug":"sellers-markets-shrink-to-just-3-metros-in-october","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/915005\/","title":{"rendered":"Seller\u2019s markets shrink to just 3 metros in October"},"content":{"rendered":"

\u201cBuyers looking in these pockets of the Northeast should be prepared for a very different experience than buyers elsewhere in the country,\u201d said Asad Khan, senior economist at Redfin, in Seattle<\/a>.<\/p>\n

\u201cThey may have less room to negotiate, especially on desirable, move-in-ready homes, and could face multiple-offer situations. If you\u2019re shopping in one of these markets, it\u2019s especially important to know your budget, be ready to act when the right home comes along and avoid getting swept up in a bidding war.\u201d<\/p>\n

October 2026<\/p>\n

Top seller’s markets<\/p>\n

Fewest qualifying markets since records began in 2016<\/p>\n


\n\t
\n\t\t
\n\t\t\t#
\n\t\t\tMetro
\n\t\t\tBuyer edge
\n\t\t\tvs Sep
\n\t\t
\n\t
\n\t
\n\t\t
\n\t\t\t1
\n\t\t\tNassau County, N.Y.
\n\t\t\t24.7%
\n\t\t\t\u2193\u00a03.6pp
\n\t\t
\n\t\t
\n\t\t\t2
\n\t\t\tNewark, N.J.
\n\t\t\t14.3%
\n\t\t\t\u2193\u00a03.3pp
\n\t\t
\n\t\t
\n\t\t\t3
\n\t\t\tMontgomery County, Pa.
\n\t\t\t12.1%
\n\t\t\t\u2193\u00a08.0pp
\n\t\t
\n\t <\/p>\n

Only 3 of 50 metros qualified as seller’s markets in October 2026, tying the record low set in April 2020. Buyer edge = % by which buyers outnumber sellers. \u2193 = narrowing vs prior month.<\/p>\n

October 2026<\/p>\n

Top buyer’s markets<\/p>\n

Strongest buyer conditions on record nationally<\/p>\n


\n\t
\n\t\t
\n\t\t\t#
\n\t\t\tMetro
\n\t\t\tSeller surplus
\n\t\t\tvs Sep
\n\t\t
\n\t
\n\t
\n\t\t
\n\t\t\t1
\n\t\t\tMiami, Fla.
\n\t\t\t195.8%
\n\t\t\t\u2191\u00a035.3pp
\n\t\t
\n\t\t
\n\t\t\t2
\n\t\t\tNashville, Tenn.
\n\t\t\t159.5%
\n\t\t\t\u2191\u00a025.2pp
\n\t\t
\n\t\t
\n\t\t\t3
\n\t\t\tLas Vegas, Nev.
\n\t\t\t149.9%
\n\t\t\t\u2191\u00a027.1pp
\n\t\t
\n\t\t
\n\t\t\t4
\n\t\t\tAustin, Texas
\n\t\t\t124.8%
\n\t\t\t\u2193\u00a03.4pp
\n\t\t
\n\t\t
\n\t\t\t5
\n\t\t\tDallas, Texas
\n\t\t\t118.6%
\n\t\t\t\u2193\u00a01.9pp
\n\t\t
\n\t <\/p>\n

41 of 50 metros are buyer’s markets in October 2026 \u2014 an all-time record in Redfin’s data. Seller surplus = % by which sellers outnumber buyers. \u2191 = widening buyer advantage; \u2193 = narrowing.<\/p>\n

Source: Redfin Buyers vs. Sellers Report, October 2026. A seller’s market is defined as one where buyers outnumber sellers by more than 10%. A buyer’s market is defined as one where sellers outnumber buyers by more than 10%. MoM = month-over-month change in percentage-point (pp) gap versus September 2026. All figures refer to the 50 most populous U.S. metro areas.<\/p>\n

Rising rates push the buyer pool to its lowest level on record<\/p>\n

Nationally, an estimated 895,752 homebuyers were active in October,\u00a0the lowest figure in Redfin\u2019s data since 2013. That’s down 2% from September and the sixth straight monthly decline.<\/p>\n

Mortgage rates averaged 7.33% in October, rising from 6.86% the prior month. Meanwhile, 1,526,984 sellers remained active,\u00a0the highest since March 2020,\u00a0pushing seller concessions to a new peak in the deepening buyer\u2019s market<\/a>.<\/p>\n

<\/p>\n

Glen Weinberg of Fairview Commercial Lending says post-election mortgage rate relief may be temporary, with volatility likely to remain the dominant theme for lenders and brokers. https:\/\/t.co\/HH8yJviJ55<\/p>\n


\n\u2014 Mortgage Professional America Magazine (@MPAMagazineUS) November 9, 2026<\/a><\/p>\n

\u201cMortgage rate stability is crucial and more important than simply lower rates. Most buyers don\u2019t require rates to return to 4% although that would certainly be welcome. They need confidence in the market,\u201d\u00a0Jay Lessard, mortgage broker at Sonoran Lending, in Arizona, previously told Mortgage Professional America<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cBuyers looking in these pockets of the Northeast should be prepared for a very different experience than buyers…\n","protected":false},"author":2,"featured_media":915006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112,68830,382266,98146],"class_list":["post-915005","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-redfin","tag-sellers-market","tag-us-housing-market"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/915005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=915005"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/915005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/915006"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=915005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=915005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=915005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}