South Florida Cities Ranked Among Best Homebuyer’s Markets in U.S.

South Florida millennials, it’s time to bust open those piggy banks because the generational struggle of buying a home may be dissipating into an attainable goal. Real estate experts at Redfin are seeing one of the strongest buyer’s markets on record, ranking three South Florida cities among the best buyer’s markets in the nation.

According to data collected by Redfin, there were an estimated 47 percent more home sellers than buyers in the U.S. housing market in December — or 631,535 more, in numerical terms — the largest gap between sellers and buyers in data dating back to 2013. A buyer’s market occurs when the number of available homes exceeds the number of buyers, creating an ample supply for buyers and (typically) forcing sellers to lower prices to make their homes stand out amid the surplus.

By that definition, the U.S. has been in a buyer’s market since May 2024. And South Florida cities have topped the buyer’s market leaderboards for months, with Fort Lauderdale, Miami, and West Palm Beach making appearances in the latest top ten.

“Of course, it’s only a buyer’s market for those who can afford to buy,” according to Redfin. “High housing costs and economic uncertainty have caused many house hunters to retreat, creating an imbalance of buyers and sellers.”

With 128 percent more home sellers than buyers, Austin is the only city ahead of Fort Lauderdale, with 125 percent more sellers than buyers, according to Redfin data.

U.S. Cities with the Highest Disparity Between Sellers and Buyers:

1. Austin: 128 percent
2. Fort Lauderdale: 125 percent
3. Nashville: 111 percent
4. Miami: 102 percent
5. San Antonio: 102 percent
6. West Palm Beach: 97 percent
7. Houston: 96 percent
8. Las Vegas: 88 percent
9. Dallas: 86 percent
10. Tampa: 82 percent

By the numbers, Fort Lauderdale has an estimated 8,597 buyers and 19,356 sellers; Miami has 9,964 buyers and 20,196 sellers; and West Palm Beach has 8,330 buyers and 16,445 sellers.

“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 Redfin study states. “The estimated number of sellers in the market is simply the number of active listings in the MLS.”