Nashville Was Strongest Homebuyer Market in U.S. in August

Seattle, WA, September 15, 2026—In Nashville, Tennessee, there were an estimated 139% more home sellers than buyers in the market in August–the biggest gap in records dating back to 2013, reports Redfin. That makes Nashville the strongest buyer’s market in the country. 

Miami follows closely, with 138% more sellers than buyers. Next comes Houston, at 131%. Sellers outnumbered buyers by at least two to one in eight major U.S. metros: The others are Orlando (122%), Las Vegas (117%), San Antonio (116%), Austin, TX (115%) and Dallas (108%). Houston, Orlando, Las Vegas and Dallas–in addition to Nashville–had record gaps between sellers and buyers in August. 

Those places are driving the strongest national buyer’s market in our records, which go back through 2013. There were an estimated 57.9% more home sellers than buyers in the U.S. in August, a big jump from 52.1% the month before, which was the second-strongest buyer’s market on record.

When sellers outnumber buyers, buyers typically have more negotiating power because they have options. That’s why a market with a lot more sellers than buyers is considered a buyer’s market. We define a market where there are over 10% more sellers than buyers as a buyer’s market and a market where there are over 10% fewer sellers than buyers as a seller’s market. A market where the gap is plus or minus 10% is considered a balanced market. 

We estimated the number of buyers using proprietary Redfin data on the typical time from a buyer’s first tour to close of purchase, and MLS data on active listings and pending sales. The estimated number of sellers in the market is simply the number of active listings in the MLS. These estimates are seasonally adjusted and subject to revision. See a more detailed methodology here and view an interactive dashboard here. 

It’s only a buyer’s market for people who can afford to buy. High housing costs and widespread economic uncertainty have caused many would-be buyers to back off in recent years, creating the imbalance of buyers and sellers we see today.