Real Estate Market Shows Varying Seller Surplus Across Major US Cities

A report by Redfin showed varying real estate market conditions across several major US cities. Milwaukee is noted as one of only five major metro areas where sellers outnumber buyers. In contrast, Miami reported the highest seller surplus in the country at 158.9%, followed by Nashville at 152.3%.

The report indicates that high housing costs are pushing buyers out of the market, according to officials at Redfin. Nationally, sellers currently outnumber buyers by 63%, which is the largest gap since the 2008 financial crisis. This suggests that most of the nation's largest cities are currently buyer's markets.