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19m ago

U.S. Housing Market Hits Balance as Inventory Climbs, Seven Big Metros Favor Buyers

Buyers are gaining leverage in parts of the South and West because listings keep climbing.

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A map shows the 12 U.S. markets where homes are selling fastest, based on a Realtor.com report.
Seven of the 50 U.S. largest metropolitan areas that have shifted in favor of buyers, according to Realtor.com data.

Overview

  • August marked the 22nd straight month of inventory growth, with active listings up 20.9% year over year to more than 1 million, according to Realtor.com.
  • National supply sits near five months, making this the most buyer‑friendly summer since 2016 tracking, even as overall affordability remains tight.
  • Seven of the 50 largest metros now qualify as buyer's markets with over six months of supply: Miami, Austin, Orlando, New York City, Jacksonville, Tampa and Riverside.
  • Costs are still a hurdle as the median list price held at $429,990 in August and 30‑year mortgage rates hovered just below 7%, pushing typical time on market to 60 days and nudging pending sales down 1.3% year over year.
  • Seller resistance is mounting, with delistings up 57% in July, even as parts of the Midwest and Northeast remain competitive; Milwaukee homes sold in 32 days and carried just 2.7 months of supply in June.