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U.S. Housing Market Experiences Significant Slowdown

Major metros report longer wait times for home sales, highlighting market challenges.

July 18, 2025 at 08:12 PM

Mapped: The 10 Slowest Housing Markets in the U.S.

Housing markets in the South and West show notable slowdowns in sales activity.

Slowdown in U.S. Housing Market Highlights Tough Times

The U.S. housing market is experiencing a slowdown, especially in regions that once thrived. According to Realtor.com, major metros such as Nashville, TN, are seeing significant drops in home sales activity. A report reveals that the typical home in Nashville stayed on the market for 20 additional days in June 2025 compared to the previous year, increasing to a median of 52 days. Miami and Orlando also ranked high on the list of stagnating metros, with homes waiting unsold for 83 and 70 days respectively. The overall trend indicates that many markets in the South and West are facing challenges as inventory grows and buyer demand wanes due to higher interest rates and economic uncertainty.

Key Takeaways

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Nashville tops the list with homes taking 20 more days to sell.

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Miami's median days on market increased to 83 days.

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Orlando homes linger unsold for 70 days on average.

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Higher mortgage rates contribute to buyer hesitation.

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New construction in pandemic boomtowns leads to excess inventory.

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Economic uncertainty affects buyer confidence across regions.

"This is an all too perfect embodiment of housing market conditions throughout much of the South."

Jake Krimmel describes the slowdown reflecting broader trends in the housing market.

"Markets with booming prices are certainly coming back down to earth."

Krimmel emphasizes the readjustment in once-high-performing housing markets.

This slowdown serves as a warning to both sellers and potential buyers. After a period of rapid growth in the housing market, many areas are now feeling the effects of overbuilding and shifting economic conditions. Jake Krimmel, a senior economist at Realtor.com, highlighted that markets once characterized by booming prices are now adjusting back to reality. This rebalancing act creates risks for sellers unwilling to lower prices and for buyers navigating increased competition as inventory piles up.

Highlights

Nashville homes are selling slower than ever, averaging 52 days on the market.
Miami now holds the title for the longest home selling times at 83 days.
Economic uncertainty is making buyers hesitant to step off the sidelines.
Inventory is getting stale as high rates weigh on demand.

Potential Economic Risks in the Housing Market

The slowdown in housing sales raises concerns about economic stability and investment in real estate. High inventory and longer selling times may cause backlash among sellers and investors. As economic uncertainty continues, many may reconsider their investments in these areas.

As markets adapt, future trends will depend on the interplay between demand, interest rates, and available inventory.

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housing real estate market trends inventory economy economy real estate housing market

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