Miami Sellers Outnumbered Buyers by 158.9% in September 2026

Miami’s estimated home seller count exceeded its buyer count by 158.9% in September 2026, the largest margin among the 50 most populous U.S. metro areas as national buyer estimates reached a record low.

Miami had an estimated 18,909 sellers and 7,304 buyers. Its seller surplus widened from 134.5% in August 2026, extending the gap between the two estimates. The comparison ranks metro-level market balance; it is not a count of all homes for sale across Florida.

Nashville had the next-largest seller surplus at 152.3%, followed by Houston at 134.6%. Florida and Texas metros made up seven of the 10 largest gaps: Miami, Houston, Orlando, Austin, San Antonio, Dallas and Fort Lauderdale.

Nationally, the estimated number of sellers reached 1,510,784, while the buyer estimate was 928,892. The buyer figure was the lowest in records dating to 2013, and the seller figure was the highest since March 2020. Together, the estimates put the national seller surplus at 62.6%.

Forty-one of the 50 metros were classified as buyer’s markets. That designation means a metro had more than 10% more sellers than buyers. The classification reflects the estimated balance between the two groups, rather than a count of completed home sales.

High housing costs and economic uncertainty have weighed on buyer participation. “This is a buyer’s market born out of caution, not strength,” said Asad Khan, a senior economist.

Seller estimates count active listings on multiple listing services. Buyer estimates combine the typical time from a first home tour to closing with data on active listings and pending sales. Both estimates are seasonally adjusted and may be revised, so they measure an estimated market balance rather than completed transactions or total statewide housing inventory.