In 2025, America’s housing market is freezing in some of the country’s biggest cities. Once-booming markets are seeing homes linger unsold as buyers pull back and prices stall. The slowdown is revealing surprising patterns across regions once thought immune. Here’s where the chill has hit hardest.
Miami, Florida
In 2025, Miami’s housing market hit an unexpected pause. According to the New York Post, inventory has surged by 30%, and homes now sit on the market for an average of 88 days—the longest among major U.S. cities. Sellers aren’t slashing prices, though. Instead, they’re quietly pulling listings.
Austin, Texas
Tech startups and live music usually keep Austin booming, but not this year. The city’s housing market in 2025 is cooling fast, with homes spending 89 days on the market, as reported by Redfin. Median prices have also dipped.
Jacksonville, Florida
If you’re shopping for a home in Jacksonville, you’ll find more breathing room than in recent years. Listings are up roughly 13%, and homes now sit on the market for more than 50 days (Redfin). The shift signals a true buyer’s market, even as the city’s logistics sector keeps drawing new residents.
San Antonio, Texas
Active listings in San Antonio have climbed past 16,000 as of May 2025. Median prices have steadied after years of growth, and homes now take over six weeks to sell. With mortgage rates stabilizing, buyers gain leverage while sellers offer incentives to close, as reported by Realty San Antonio.
Nashville, Tennessee
Nashville’s housing market is cooling in 2025 after years of high demand. Inventory is up about 30% year-over-year, and price growth has nearly stalled. Homes now take an average of 68 days to sell, compared to 60 in 2024, according to Redfin, while strong local industries sustain demand.
Dallas, Texas
You’ll find more options (and more time to decide) in Dallas right now. Listings are up about 53%, and homes are taking 58 days to move. Price growth has stalled as affordability tightens, but strong hiring across tech and finance keeps Dallas buyers cautiously optimistic (M&D Real Estate, 2025).
New York City, New York
Even as markets cool nationwide, NYC continues to stand apart. Limited supply keeps prices high, and demand remains steady across boroughs. Luxury listings are also taking longer to sell, while outer-borough neighborhoods and renewed buyer interest keep the city’s housing market competitive and resilient.
Phoenix, Arizona
Phoenix’s housing market has cooled toward balance after years of rapid gains. Redfin notes homes stay on the market about 64 days, marking a 20.8% increase year-over-year. Price growth has flattened, but migration from coastal states and steady jobs sustain demand.
Birmingham, Alabama
The Magic City’s housing momentum is cooling. With population growth stalling and sales falling 15% year over year, J.L. Miller Realty (2025) points to a market finding its new balance. Rising inventory and steady prices hint at improving affordability, even as investor enthusiasm fades amid broader economic uncertainty.
Charlotte, North Carolina
The Queen City’s real estate rhythm has slowed to a steady tempo this year. Carolina Home Cash Offer stated that homes in Charlotte now spend roughly 45 to 54 days on the market. Still, the market feels balanced in North Carolina’s largest (and busiest) banking hub.
