In 2025, the U.S. housing market is experiencing a notable shift, with several major cities transitioning into buyer’s markets. This change is characterized by rising delistings and a surplus of unsold homes, signaling a slowdown in sales activity. As mortgage rates fluctuate, affordability challenges further complicate the landscape for potential buyers. This article examines five major U.S. cities where houses aren’t selling as expected, highlighting the factors contributing to these market conditions.
1) Austin, Texas
Austin, Texas, once a booming real estate market, has now become a buyer’s haven. The city is experiencing a significant shift, with rising delistings indicating slower sales. According to recent reports, Austin is one of the seven major U.S. cities officially recognized as a buyer’s market. This transition is marked by an increase in inventory and a decrease in buyer urgency.
The change in Austin’s market dynamics can be attributed to several factors. The city’s rapid growth over the past decade led to a surge in housing development, resulting in an oversupply of homes. As the market cools, sellers are finding it increasingly challenging to attract buyers, leading to a rise in delistings. Realtor.com highlights that Austin now stands out as one of the few large U.S. metros where the post-pandemic housing market is tilting in favor of buyers.
Despite the current market conditions, Austin remains an attractive destination for potential homeowners. The city’s vibrant culture, strong job market, and quality of life continue to draw interest from buyers. However, the shift to a buyer’s market means that sellers must adjust their expectations and pricing strategies to remain competitive. As the market evolves, stakeholders in Austin’s real estate sector must navigate these changes to capitalize on emerging opportunities.
2) Boise, Idaho
Boise, Idaho, is another city experiencing a surplus of unsold homes amid cooling demand. This situation has positioned Boise as one of the seven major U.S. cities now officially recognized as a buyer’s market. The city’s real estate landscape is characterized by an excess supply of homes, leading to increased buyer leverage and prolonged time on the market for listings…