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US weather housing market for buyers varies across the country, and a new report suggests that there are currently only eight metropolitan areas that are truly buyer’s markets.
The team of economic researchers at Realtor.com released a diagnostic tool called Market Watch which tracks the real estate market at the national and metro level based on months of supply, time on the market, price changes and average listings to reflect local conditions.
It tracks the 50 largest metros in the US and found in its first quarterly report that nearly half, or 46%, of the top markets are equal without limited buyers and sellers; while 26% are sellers’ markets and only 16% are buyers’ markets.
Eight consumer markets are located mostly in the South, although there is one store in the West. There are no buyer’s markets to be found in the Northeast or Midwest, where strong demand and limited supply have kept the housing market balanced or given sellers an edge.
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Eight of the 50 largest metro areas in the US were considered buyer’s markets in the Realtor.com report. (Loren Elliott/Bloomberg via Getty Images)
In all eight consumer markets, the Market clock is at 5 o’clock, indicating that they have a lot. provision of real estate for sale with an increasing number of listings and sellers lowering prices.
Part of the consumer market is available In Florida – Jacksonville, Miami, Orlando and Tampa. Others are Atlanta, Georgia; Austin, Texas; Nashville, Tennessee; and Riverside, California.
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Buyers’ markets have more real estate prices and are increasing the housing supply through new construction. (Mark Felix/Bloomberg via Getty Images)
Realtor.com chief economist Jake Krimmel said that while active listings may not increase year-over-year in eight buyer’s markets,
“Riverside again Nashvillefor example, we saw active listings increase by 222% and 330%, respectively, as higher interest rates restarted the market in 2022 – much greater than the national average of 172% as of March 2022,” he said.
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Miami and several other Florida cities were among the top buyers’ markets in the report. (Joe Raedle/Getty Images)
The report noted that compared to June 2025, Atlanta, Austin, Nashville and Riverside they all saw their position on the market clock loosened by one “hour” in the early buyer’s market from the late balanced market. Jacksonville followed a similar pattern, moving from a balanced to a buyer’s market.
In contrast, MiamiOrlando and Tampa were already early-buyer markets in June and held steady at that level at the end of last year.
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Krimmel said potential buyers in all eight metros have time and options on their side this spring, giving them leverage up to the point when negotiating prices and deals with vendors.
