- \n
- Nationally, sellers outnumber buyers by 43%\u2014just shy of the largest gap in records dating back to 2013.<\/i><\/li>\n
- Redfin reports home prices rose 5% across seller\u2019s markets last month, compared with a 2% increase in buyer\u2019s markets.<\/i><\/li>\n<\/ul>\n
SEATTLE–(BUSINESS WIRE<\/a>)–
\n38 of the most populous U.S. metropolitan areas were buyer\u2019s markets in March, up from 29 a year earlier. Just five were seller\u2019s markets, down from nine in 2025. That\u2019s according to a new report<\/a> from Redfin, the real estate brokerage powered by Rocket.<\/p>\n\nRedfin analyzed the 50 most populous metros and included in this analysis the 49 with sufficient data. Redfin defines a market where there are over 10% more sellers than buyers as a buyer\u2019s market and a market where there are over 10% fewer sellers than buyers as a seller\u2019s market. A market where the gap is plus or minus 10% is considered a balanced market.<\/p>\n
\nNationally, there were an estimated 43.1% (or 600,168) more home sellers than buyers in March. That\u2019s just shy of the largest gap in records dating back to 2013 and is up from 28% (or 432,532) a year earlier. The largest gap on record is 45.2% in December 2025.<\/p>\n
\nWhen sellers outnumber buyers, buyers typically hold the negotiating power because they have options. That\u2019s why a market with a lot more sellers than buyers is considered a buyer\u2019s market. Of course, it\u2019s only a buyer\u2019s market for those who can afford to buy. High housing costs and economic uncertainty have caused many house hunters to retreat, creating an imbalance of buyers and sellers.<\/p>\n
\n\u201cHigh property taxes, rising insurance costs and fears about job security are making homebuyers very selective,\u201d said Barb Cooper<\/a>, a Redfin Premier<\/a> real estate agent in Austin, TX<\/a>, where sellers outnumber buyers by 112%. \u201cThe buyers who are in the market want turnkey homes in every sense, and they can afford to wait without compromising because we have tons of inventory.\u201d<\/p>\n
Buyers Are Retreating, Which Is Causing Some Sellers to Retreat<\/b><\/p>\n
\nThere were an estimated 1.39 million homebuyers in the market in March, just shy of the 1.38 million record low hit in April 2020\u2014the start of the pandemic. That\u2019s little changed from a month earlier but down 10% from a year earlier.<\/p>\n
\nThere were an estimated 1.99 million sellers in the market\u2014the lowest level in a year. That\u2019s down 0.5% from a month earlier and up 0.7% from a year earlier.<\/p>\n
\nHome sellers have been retreating in part due to lackluster demand from buyers. Some sellers are delisting<\/a> after watching their homes sit<\/a> on the market, while others are choosing not to list at all after seeing nearby homes sell for below<\/a> the asking price. Redfin reported last month that relistings<\/i><\/a> are beginning to rise as sellers bet on a spring uptick in demand.<\/p>\n
Miami Is the Strongest Buyer\u2019s Market<\/b><\/p>\n
\nThe strongest buyer\u2019s market was Miami<\/a>, which had an estimated 148% more sellers than buyers. Next came Nashville<\/a> (119%), Austin, TX (112%), San Antonio<\/a> (109%) and Las Vegas<\/a> (101%).<\/p>\n
\nThe Sun Belt skyrocketed in popularity during the pandemic, when scores of homebuyers moved in from more expensive parts of the country. To meet surging demand, homebuilders ramped up activity, which is one reason there are now a lot more homes for sale than people who want to buy them. The buyer pool has also shrunk because soaring housing costs in recent years have priced many people out of the market.<\/p>\n
\nNew construction can have a significant influence on whether negotiating power lies with buyers or sellers because it impacts the balance of supply and demand. The South and the West have historically issued the most building permits, while the Northeast and the Midwest (where the five seller\u2019s markets are located) have issued the fewest.<\/p>\n
\nFlorida and Texas, in particular, build more homes than other states. Florida has also been grappling with intensifying natural disasters, soaring insurance premiums and rising condo HOA<\/a> fees, which has prompted some homeowners to leave. Miami, specifically, frequently shows up as a buyer\u2019s market because it has a lot of housing supply, which could be in part due to the high number of condos.<\/p>\n
Newark Is the Strongest Seller\u2019s Market<\/b><\/p>\n
\nThe strongest seller\u2019s market in March was Newark, NJ<\/a>, which had an estimated 30.4% fewer sellers than buyers. The other four seller\u2019s markets were Nassau County, NY<\/a> (-28%) Montgomery County, PA<\/a> (-26.2%), Milwaukee<\/a> (-19.7%) and New Brunswick, NJ<\/a> (-12.5%).<\/p>\n
\nOn average, home prices rose 4.8% year over year across the five seller\u2019s markets in March, compared with a 1.6% increase across the 38 buyer\u2019s markets\u2014an indication that buyer\u2019s markets offer house hunters more leverage.<\/p>\n
Metro-Level Summary: 50* Most Populous Metros (March 2026)<\/b><\/p>\n
\n
\n \n U.S. metro area<\/b><\/p>\n<\/td>\n
\n Balance of power<\/b><\/p>\n<\/td>\n
\n Percent by which sellers outnumber buyers<\/b><\/p>\n<\/td>\n
\n Buyers<\/b><\/p>\n<\/td>\n
\n Sellers<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nAnaheim, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n43.6%<\/p>\n<\/td>\n
\n \n5,079<\/p>\n<\/td>\n
\n \n7,293<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAtlanta, GA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n70.4%<\/p>\n<\/td>\n
\n \n22,692<\/p>\n<\/td>\n
\n \n38,656<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAustin, TX<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n112.1%<\/p>\n<\/td>\n
\n \n8,509<\/p>\n<\/td>\n
\n \n18,043<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBaltimore, MD<\/p>\n<\/td>\n
\n \nBalanced Market<\/p>\n<\/td>\n
\n \n-5.9%<\/p>\n<\/td>\n
\n \n10,851<\/p>\n<\/td>\n
\n \n10,205<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBoston, MA<\/p>\n<\/td>\n
\n \nBalanced Market<\/p>\n<\/td>\n
\n \n-1.4%<\/p>\n<\/td>\n
\n \n10,952<\/p>\n<\/td>\n
\n \n10,794<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCharlotte, NC<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n88.7%<\/p>\n<\/td>\n
\n \n9,057<\/p>\n<\/td>\n
\n \n17,087<\/p>\n<\/td>\n<\/tr>\n
\n \n \nChicago, IL<\/p>\n<\/td>\n
\n \nBalanced Market<\/p>\n<\/td>\n
\n \n1.4%<\/p>\n<\/td>\n
\n \n25,427<\/p>\n<\/td>\n
\n \n25,795<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCincinnati, OH<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n30.7%<\/p>\n<\/td>\n
\n \n6,409<\/p>\n<\/td>\n
\n \n8,379<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCleveland, OH<\/p>\n<\/td>\n
\n \nBalanced Market<\/p>\n<\/td>\n
\n \n-4.2%<\/p>\n<\/td>\n
\n \n7,310<\/p>\n<\/td>\n
\n \n7,006<\/p>\n<\/td>\n<\/tr>\n
\n \n \nColumbus, OH<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n22.8%<\/p>\n<\/td>\n
\n \n7,081<\/p>\n<\/td>\n
\n \n8,698<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDallas, TX<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n86.7%<\/p>\n<\/td>\n
\n \n17,001<\/p>\n<\/td>\n
\n \n31,743<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDenver, CO<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n37.2%<\/p>\n<\/td>\n
\n \n11,837<\/p>\n<\/td>\n
\n \n16,245<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDetroit, MI<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n48.7%<\/p>\n<\/td>\n
\n \n4,910<\/p>\n<\/td>\n
\n \n7,304<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFort Worth, TX<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n69.2%<\/p>\n<\/td>\n
\n \n7,923<\/p>\n<\/td>\n
\n \n13,404<\/p>\n<\/td>\n<\/tr>\n
\n \n \nHouston, TX<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n96.5%<\/p>\n<\/td>\n
\n \n22,965<\/p>\n<\/td>\n
\n \n45,122<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIndianapolis, IN<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n23.6%<\/p>\n<\/td>\n
\n \n7,723<\/p>\n<\/td>\n
\n \n9,543<\/p>\n<\/td>\n<\/tr>\n
\n \n \nJacksonville, FL<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n58.7%<\/p>\n<\/td>\n
\n \n7,751<\/p>\n<\/td>\n
\n \n12,304<\/p>\n<\/td>\n<\/tr>\n
\n \n \nKansas City, MO<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n21.8%<\/p>\n<\/td>\n
\n \n7,190<\/p>\n<\/td>\n
\n \n8,756<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLas Vegas, NV<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n100.7%<\/p>\n<\/td>\n
\n \n7,110<\/p>\n<\/td>\n
\n \n14,272<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLos Angeles, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n58.6%<\/p>\n<\/td>\n
\n \n14,392<\/p>\n<\/td>\n
\n \n22,819<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMiami, FL<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n147.9%<\/p>\n<\/td>\n
\n \n7,806<\/p>\n<\/td>\n
\n \n19,347<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMilwaukee, WI<\/p>\n<\/td>\n
\n \nSeller’s Market<\/p>\n<\/td>\n
\n \n-19.7%<\/p>\n<\/td>\n
\n \n6,488<\/p>\n<\/td>\n
\n \n5,210<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMinneapolis, MN<\/p>\n<\/td>\n
\n \nBalanced Market<\/p>\n<\/td>\n
\n \n9.0%<\/p>\n<\/td>\n
\n \n12,833<\/p>\n<\/td>\n
\n \n13,989<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMontgomery County, PA<\/p>\n<\/td>\n
\n \nSeller’s Market<\/p>\n<\/td>\n
\n \n-26.2%<\/p>\n<\/td>\n
\n \n6,905<\/p>\n<\/td>\n
\n \n5,094<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNashville, TN<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n119.0%<\/p>\n<\/td>\n
\n \n7,398<\/p>\n<\/td>\n
\n \n16,202<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNassau County, NY<\/p>\n<\/td>\n
\n \nSeller’s Market<\/p>\n<\/td>\n
\n \n-28.0%<\/p>\n<\/td>\n
\n \n9,978<\/p>\n<\/td>\n
\n \n7,181<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNew Brunswick, NJ<\/p>\n<\/td>\n
\n \nSeller’s Market<\/p>\n<\/td>\n
\n \n-12.5%<\/p>\n<\/td>\n
\n \n9,918<\/p>\n<\/td>\n
\n \n8,679<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNew York, NY<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n12.6%<\/p>\n<\/td>\n
\n \n24,811<\/p>\n<\/td>\n
\n \n27,946<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNewark, NJ<\/p>\n<\/td>\n
\n \nSeller’s Market<\/p>\n<\/td>\n
\n \n-30.4%<\/p>\n<\/td>\n
\n \n8,153<\/p>\n<\/td>\n
\n \n5,672<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOakland, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n36.0%<\/p>\n<\/td>\n
\n \n4,457<\/p>\n<\/td>\n
\n \n6,060<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOrlando, FL<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n81.4%<\/p>\n<\/td>\n
\n \n9,965<\/p>\n<\/td>\n
\n \n18,075<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPhiladelphia, PA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n35.2%<\/p>\n<\/td>\n
\n \n6,047<\/p>\n<\/td>\n
\n \n8,176<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPhoenix, AZ<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n79.1%<\/p>\n<\/td>\n
\n \n18,415<\/p>\n<\/td>\n
\n \n32,979<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPittsburgh, PA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n55.3%<\/p>\n<\/td>\n
\n \n6,030<\/p>\n<\/td>\n
\n \n9,364<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPortland, OR<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n45.5%<\/p>\n<\/td>\n
\n \n7,502<\/p>\n<\/td>\n
\n \n10,914<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProvidence, RI<\/p>\n<\/td>\n
\n \nBalanced Market<\/p>\n<\/td>\n
\n \n-1.9%<\/p>\n<\/td>\n
\n \n4,202<\/p>\n<\/td>\n
\n \n4,124<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRiverside, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n66.4%<\/p>\n<\/td>\n
\n \n11,537<\/p>\n<\/td>\n
\n \n19,196<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSacramento, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n34.5%<\/p>\n<\/td>\n
\n \n5,664<\/p>\n<\/td>\n
\n \n7,617<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSan Antonio, TX<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n109.0%<\/p>\n<\/td>\n
\n \n9,059<\/p>\n<\/td>\n
\n \n18,932<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSan Diego, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n29.2%<\/p>\n<\/td>\n
\n \n6,272<\/p>\n<\/td>\n
\n \n8,103<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSan Francisco, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n12.1%<\/p>\n<\/td>\n
\n \n2,592<\/p>\n<\/td>\n
\n \n2,905<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSan Jose, CA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n28.5%<\/p>\n<\/td>\n
\n \n2,635<\/p>\n<\/td>\n
\n \n3,387<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSeattle, WA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n34.9%<\/p>\n<\/td>\n
\n \n7,681<\/p>\n<\/td>\n
\n \n10,359<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSt. Louis, MO<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n17.8%<\/p>\n<\/td>\n
\n \n8,754<\/p>\n<\/td>\n
\n \n10,312<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTampa, FL<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n82.7%<\/p>\n<\/td>\n
\n \n13,064<\/p>\n<\/td>\n
\n \n23,869<\/p>\n<\/td>\n<\/tr>\n
\n \n \nUnited States of America<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n43.1%<\/p>\n<\/td>\n
\n \n1,392,693<\/p>\n<\/td>\n
\n \n1,992,861<\/p>\n<\/td>\n<\/tr>\n
\n \n \nVirginia Beach, VA<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n14.7%<\/p>\n<\/td>\n
\n \n6,797<\/p>\n<\/td>\n
\n \n7,794<\/p>\n<\/td>\n<\/tr>\n
\n \n \nWarren, MI<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n16.7%<\/p>\n<\/td>\n
\n \n7,935<\/p>\n<\/td>\n
\n \n9,258<\/p>\n<\/td>\n<\/tr>\n
\n \n \nWashington, DC<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n14.9%<\/p>\n<\/td>\n
\n \n15,829<\/p>\n<\/td>\n
\n \n18,190<\/p>\n<\/td>\n<\/tr>\n
\n \n \nWest Palm Beach, FL<\/p>\n<\/td>\n
\n \nBuyer’s Market<\/p>\n<\/td>\n
\n \n94.0%<\/p>\n<\/td>\n
\n \n8,090<\/p>\n<\/td>\n
\n \n15,694<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n*Fort Lauderdale, FL has been removed due to insufficient data.<\/i><\/p>\n
\nTo view the full report, including charts and a full methodology, please visit:
\n
https:\/\/www.redfin.com\/news\/buyers-vs-sellers-march-2026<\/a><\/p>\nAbout Redfin<\/b><\/p>\n
\nRedfin is a technology-driven real estate company with the country’s most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin\u2019s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.<\/p>\n
\nYou can find more information about Redfin and get the latest housing market data and research at https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260420203757\/en\/<\/a><\/span><\/p>\n
Contact Redfin Journalist Services:
\n<\/b>
Kynsay Hunt
\n
press@redfin.com<\/a><\/p>\nKEYWORDS:<\/b> Washington United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Professional Services Technology Data Analytics Residential Building & Real Estate Software Construction & Property<\/p>\n
- Redfin reports home prices rose 5% across seller\u2019s markets last month, compared with a 2% increase in buyer\u2019s markets.<\/i><\/li>\n<\/ul>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260420203757\/en\/2512757\/3\/Redfin_powered_by_Rocket.jpg\")
<\/td>\n<\/tr>\n