In Nashville, TN, there were an estimated 139% more home sellers than buyers in the market in August–the biggest gap in records dating back to 2013. That makes Nashville the strongest buyer’s market in the country.
Miami follows closely, with 138% more sellers than buyers. Next comes Houston, at 131%. Sellers outnumbered buyers by at least two to one in eight major U.S. metros: The others are Orlando (122%), Las Vegas (117%), San Antonio (116%), Austin, TX (115%) and Dallas (108%). Houston, Orlando, Las Vegas and Dallas–in addition to Nashville–had record gaps between sellers and buyers in August.
Those places are driving the strongest national buyer’s market in our records, which go back through 2013. There were an estimated 57.9% more home sellers than buyers in the U.S. in August, a big jump from 52.1% the month before, which was the second-strongest buyer’s market on record.