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With spring around the corner, house hunters are getting some welcome good news as more metros turn into buyer’s markets—giving shoppers access to more inventory and stronger bargaining power.
And there’s even better news in store for buyers seeking a relocation down South because Sun Belt states make up a significant portion of the strongest buyer’s markets, according to new Realtor.com® research.
Economists have identified the top 10 strongest buyer’s markets across the US by narrowing in on the metros that offer the greatest months of supply as of October 2025.
The supply metric indicates how many months it would take for all the listed homes on the market (including pending listings) to be sold at the current sales pace, painting a clear picture of how much inventory prospective buyers will have available to them over the next six months and beyond.
“These markets are considered buyer’s markets because they have more than six months of housing supply, indicating that inventory levels are high relative to current demand and giving buyers greater negotiating power,” says Hannah Jones, senior economic research analyst at Realtor.com.
“Many of these markets are concentrated in the Sun Belt, where new construction activity has been especially strong over the past several years.”
Leading the list is Miami—a market with the most $1 million listings, but home shoppers can still find a bargain.
“Inventory in Miami has been increasing for nearly four years,” Florida real estate broker Jeff Lichtenstein, CEO of Echo Fine Properties, tells Realtor.com.
“That has brought increased choices for buyers, and more sellers into play. Prices in Florida have moved lower faster because the inventory increased and the market adjusted.”
The Sunshine State accounts for four of the top 10 buyer’s markets.
“In Florida, growing supply has coincided with softening demand amid rising housing costs that have pushed more buyers to the sidelines,” says Jones.
“New construction has continued to add inventory even as affordability constraints have reduced buyer activity.”
Here are the top 10 buyer’s markets:
1. Miami, FL
Median listing price: $500,000
Months of supply: 9.8
“There are more homes sitting on the market than we’ve seen in a while in Miami,” real estate agent and investor Ron Myers of Ron Buys Florida Homes tells Realtor.com.
“This gives buyers a lot more options, which changes how they act.
“They’re taking their time, asking for more repairs or credits, and in many cases, they’re able to negotiate prices down—especially if the home needs work or is in an HOA community with high fees.”
2. Austin, TX
Median listing price: $462,000
Months of supply: 9.5
“We do have a lot more inventory in Austin,” says Noa Levy, broker at The Boutique Real Estate in Austin.
“If people bought before the pandemic, they still have big equity. So people feel maybe now that interest rates came down a little bit, it may be the moment to take advantage of gains from the appreciation we saw from 2020 to 2022.”
Levy continues, “Some buyers are staying on the sidelines, waiting for both home prices to decline further and interest rates to adjust. With neither the market nor lending conditions at their peak, many buyers feel there is little urgency to act quickly.”
3. Pittsburgh, PA
Median listing price: $240,000
Months of supply: 8.6
“While we had a surplus in the fall in Pittsburgh, that inventory is evaporating,” says Pittsburgh real estate agent Tarasa Hurley of River Point Realty.
“Because the surplus inventory from October is disappearing so quickly, buyers are moving with much more urgency than they were in the fall to secure a home before the selection drops further or we reach an even more competitive spring market.”
4. Orlando, FL
Median listing price: $415,500
Months of supply: 7.4
“In Orlando, we’re seeing buyers who were holding off finally jump back in,” says Myers.
“They’re realizing sellers are more open to talking and working out deals now. This is especially true for homes that have been sitting for 30 days or more.”
Myers says it’s a great time to buy because there’s less pressure. “You’re not in crazy bidding wars, and you can actually think through the purchase,” he says.
“Plus, some sellers are motivated and will work with you on price or help with closing costs.”
5. New York, NY
Median listing price: $749,939
Months of supply: 7.1
“In New York City, buyers are absolutely getting off the bench and making moves,” says Nikki Beauchamp, an associate broker with Sotheby’s International Realty.
“I advise my clients to take a deeper look at inventory that has been on the market for more than 60, or even ideally upwards of 90, days and evaluate if the property otherwise fits their criteria.”
Beauchamp notes that longer time on the market gives buyers added leverage to negotiate more favorable pricing and terms.
6. Tampa, FL
Median listing price: $399,900
Months of supply: 7
“I do quite a bit of business in the Tampa area, and I can definitely confirm there are a lot of properties on the market down here,” says Martin Orefice, CEO of Rent To Own Labs.
“The vast majority of them fall into two categories: condo/high-rise units and environmentally compromised fixer-uppers on the coast. For buyers interested in these two categories, it really is a buyer’s market—but if you’re looking for something else, it can be more of a struggle.”
7. Las Vegas, NV
Median listing price: $465,500
Months of supply: 6.9
“Buyers do have more choices at the moment, which has changed how they approach the market,” Robert Little, Las Vegas real estate agent at Re/Max Advantage, tells Realtor.com.
“They’re able to take their time, compare homes, and negotiate again instead of feeling rushed. That said, when a property is priced correctly, it still attracts strong interest and moves quickly.”
But Little says, “If interest rates drop further, this market could shift quickly, and buyers may lose some of the leverage they have now as competition increases and inventory tightens.”
=8. Raleigh, NC
Median listing price: $440,000
Months of supply: 6.5
“Markets such as Austin, Tampa, Raleigh, and Nashville experienced a surge in demand during the pandemic, prompting builders to ramp up both for-sale and rental construction,” says Jones.
“As prices rose and affordability worsened, demand cooled while inventory accumulated, shifting the balance of power.
“These markets are now in a period of rebalancing, as prices adjust toward levels that can draw buyers back into the market.”
=8. Jacksonville, FL
Median listing price: $382,500
Months of supply: 6.5
“The market in Jacksonville has a decent amount of inventory and more options for sale in certain areas vs. others, depending on location,” says Cara Ameer, real estate broker at Coldwell Banker Vanguard Realty in Florida.
“There is downward pressure on resales that are not in turnkey, move in ready condition as there are a lot of new-construction options in the area.”
Ameer adds, “Buyers have more choices than ever in a market that slightly favors them. They largely don’t have the pressure of multiple offers.
“Sellers are willing to negotiate and builders continue to offer incentives such as paying closing costs with use of their preferred lender, towards options and upgrades as well as the price.”
9. Atlanta, GA
Median listing price: $400,000
Months of supply: 6.3
“The Atlanta market has considerably more inventory than in the recent past,” real estate professional and attorney Bruce Ailion of Re/Max Town & Country in Atlanta tells Realtor.com.
“Atlanta has been the epicenter of institutional buyers of homes—so with the impending ban on institutional investor purchases, we may see a spike in inventory and a greater opportunity for the first-time and below median price buyer.”
10. Nashville, TN
Median listing price: $529,500
Months of supply: 6.2
“There are lots of homes on the market right now, and total inventory is up year over year,” says real estate agent Jake Kennedy of Compass Real Estate in Nashville.
“I’m hearing from a lot of folks who are worried about the economy and are looking to shore themselves up for the long term. But as supply goes up, we know what happens to demand.”
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