Nashville, Miami and Austin–Once Pandemic Homebuying Hotspots–Are This Spring’s Strongest Buyer’s Markets

Homebuyers hold the power in the U.S. housing market. There were an estimated 46.9% more home sellers than buyers in the U.S. housing market in May, up from 46.4% the month before but down from a peak of 49.5% in December 2025. 

Nashville, TN, Miami and Austin, TX are the biggest drivers of this spring’s buyer’s market, with the biggest surplus of sellers over buyers. Two more Texas metros, Houston and San Antonio, round out the top five. See the next section of this report for more on those places.