"The Sun Belt region continues to dominate the U.S. housing market in raw transaction volume, recording 25,857 weekly home sales across its metropolitan areas, nearly six times the Northeast's 4,452 sales and more than double the West's 11,061 transactions. However, this sales advantage masks a market efficiency gap. The Sun Belt's inventory of 353,916 properties is selling at a significantly lower absorption rate than other regions, creating potential opportunities for mortgage lenders."
"The Sun Belt's dominance extends beyond Texas, with Atlanta (565 sales), Phoenix (505 sales), and Miami (325 sales) rounding out the region's top performers. Key Sun Belt metrics: Absorption rate: 7.3% (lowest among regions, 14% below national average of 8.5%) Median home price: $224,956 Days on market: 72 days Months of inventory: 3.5 months Despite commanding the highest transaction volume, the Sun Belt's market velocity lags significantly behind other regions and the national average."
The Sun Belt leads the U.S. in raw transaction volume with 25,857 weekly home sales, far exceeding the Northeast and West. Inventory totals 353,916 properties but sells at a 7.3% absorption rate, 14% below the national average of 8.5%, producing slower market velocity and longer days on market (72). Houston and Dallas-Fort Worth top metro sales nationally. The Sun Belt median home price is $224,956, markedly lower than the West. The Northeast posts the highest absorption rate at 12.1% with higher market velocity despite lower total sales. These dynamics suggest region-specific lending and inventory strategies.
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