Sellers swamp buyers by nearly 2 to 1
“In most of the country, there are more homes to choose from, fewer bidding wars and more room to negotiate on price, closing costs and repairs,” said Asad Khan, a senior economist at Redfin.
“It’s worth shopping around, negotiating aggressively and asking for concessions. Many sellers are more willing to compromise than they have been in years.”
Sun Belt cities lead the buyer’s market
Roughly 70% of US metro areas tracked by Redfin, 33 of 47 analyzed, qualify as buyer’s markets in June, with the Sun Belt accounting for the most lopsided conditions.
Miami topped the list with an estimated 140% more sellers than buyers, driven by record home prices, soaring insurance premiums, and rising condominium association fees that have pushed owners to list while sidelining prospective purchasers.
Nashville followed at 129%, then Houston (124%), San Antonio (117%), and Austin (101%).
