BiggerPockets Daily It's Still a Seller's Market in These 37 Cities
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May 11, 2025 Explore the intriguing regional disparities in the U.S. housing market, where inventory in some areas remains critically low. Discover how tight markets in the Northeast contrast with inventory surpluses in the Sun Belt. The discussion highlights the effects of pandemic-driven migration and construction challenges. Learn why understanding these local trends is crucial for buyers, sellers, and investors as the real estate landscape evolves for spring 2025.
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Northeast-Midwest Low Inventory Insight
- The Northeast and Midwest still have very low housing inventory, over 50% below April 2019 levels.
- These metros never had the pandemic migration boom and limited new construction, keeping sellers in control.
Builder Focus and Supply Pipeline
- Builders focused on the Sunbelt during the pandemic due to migration trends.
- This left the Northeast with a limited supply pipeline, preserving seller pricing power there.
Focus on Granular Real Estate Data
- Drill down to metro-level data; national stats can mislead decisions.
- In low inventory regions, sellers have pricing power while buyers must move quickly and negotiate harder.