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NAR's latest numbers put the national housing market at 4.6 months of supply, which is technically the most balanced it's been since 2020. For years we were stuck in the 2 to 4 month range, deep seller's market territory. Now we're finally back in that 4 to 6 month zone where buyers and sellers are closer to even.
But zoom into Redfin's city by city breakdown and the national number starts to look misleading. Miami is sitting at roughly 140 percent more sellers than buyers. Nassau County, New York is the only major metro still solidly in seller's market territory, down around negative 35 percent. Most of the fifty-plus metros on that list, including places like Denver, Chicago, and Los Angeles, have tipped toward buyers to some degree. It is genuinely the most buyer-friendly national environment in about six years.
Here's the part that matters for us: no Michigan metro even shows up on that list. Redfin only tracked the fifty largest markets, and ours did not make the cut. That is not a knock on Detroit, it just means the national headline was never built with us in mind, and pulling a random buyer's market or seller's market claim from a national article and applying it to Oakland or Macomb County is a guess, not data.
What I am actually seeing locally is more textured than the national chart allows for. Certain price points and school districts in Rochester Hills and Shelby Township are still moving like a seller's market, multiple offers included, while other homes nearby are sitting long enough that sellers are adjusting price. Same county, same month, two different markets.
If you want to know where your specific street actually falls, reply and tell me the area. I will pull the real local numbers for you.
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