US condo sellers outnumber buyers at widest gap since 2013
“The full condo review is going to absolutely show that there are not 10% reserves, which automatically is going to throw all these condos out of being able to qualify,” White told Mortgage Professional America.
Jacy Bloom, Owner and Mortgage Broker at Bloom Mortgage Solutions, says new condo financing requirements are pushing more buyers toward non-QM loans as more buildings fall outside conventional lending guidelines. https://t.co/wxngjhImnB
— Mortgage Professional America Magazine (@MPAMagazineUS) November 2, 2026
Texas leads the buyer’s market surge
The surplus is sharpest across the Sun Belt, which accounts for nine of the ten metros where sellers most heavily outnumber buyers.
San Antonio posted the widest gap among the 50 most populous US metro areas, an estimated 459% more sellers than buyers in September.
Houston followed at 322%, Miami at 274%, and Austin at 258%.
“San Antonio condos may have an attractive purchase price, but buyers are looking at the total monthly payment. Because we have so many affordable single-family homes available, many buyers choose a house when the payments are close,” said Derrell Skillman, a Redfin Premier agent in San Antonio, Texas.
