(NewsNation) — Summer 2025 delivered the strongest market for U.S. homebuyers in more than a decade, according to a new report from Redfin.

In August, there were an estimated 506,000 more home sellers than buyers, a 35.2% difference.

That divide was even wider in June, when sellers outnumbered buyers by an estimated 36.3%, the largest gap between the two groups since 2013.

Number of homebuyers falling

While buyers may appear to have the upper hand, that’s partly due to the lack of people in the market. The number of homebuyers across the country in August was 1.44 million, the lowest level since 2013, excluding the start of the pandemic.

This decline can be attributed to rising home prices, general economic uncertainty and high mortgage rates, which, although falling, remain double their pandemic low.

In response to the decline in homebuyers, sellers are adapting to the trend and delisting or refusing to list their properties altogether.

From May to August, the number of home sellers nationwide decreased by approximately 50,000, from 1.99 million to 1.94 million.

Florida and Texas have the strongest buyer’s markets

In August, out of the 50 most populous metropolitan areas, 33 were classified as buyer’s markets.

Florida and Texas build more homes than any other states and have the strongest markets for buyers. In Miami, there were an estimated 143% more sellers than homebuyers in August.

“Housing inventory has surged in Florida, and as a result, buyers have become more selective,” said John Tomlinson, a Redfin Premier real estate agent in Fort Lauderdale.

Buyer’s markets are mainly concentrated along the Sun Belt and the West Coast. Balanced and seller’s markets are more prevalent in the Midwest and the East Coast.