Gone are the days of the COVID-19 pandemic housing boom, where home values soared and properties were quickly snatched off the market amid rampant demand. Now, buyers hold the strongest playing cards, with Texas home to three of the Top 5 strongest buyer’s markets this spring.
Redfin published on Tuesday, June 9, its data analysis of the largest U.S. metros experiencing the most rampant uptick in home sellers, priming the way for buyers looking to cash in on their next residential property. Leading the pack, the Sun Belt region in America dominated with its staggering gain of home sellers, with nearly 47% more sellers than buyers, on average, in the U.S.
The biggest leaders behind this real estate flip? Austin trailed just behind Nashville and Miami as the No. 3 biggest driver of this buyer’s market season, with a staggering estimate of 116% more sellers than buyers in the Capital City. In Nashville, the Music City led at roughly 130% more sellers than buyers, while Miami was sandwiched between the two music havens at 122%…