Missouri, Texas, Indiana, Nevada metros lead housing exchange rates

asrar_kash December 29, 2025

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Missouri, Texas, Indiana, Nevada metros lead housing exchange rates

Serhant. founder and CEO Ryan Serhant shares his perspective on the housing market on ‘The Claman Countdown.’

While US housing markets are seeing their lowest prices in decades, several metros in Missouri, Texas, Indiana and Nevada are bucking the trend.

Redfin’s analysis revealed that only 28 in 1,000 US homes change hands in the first nine months of 2025, marking the lowest rate since the 1990s. Affordability challenges and economic uncertainty have been the biggest factors keeping buyers and sellers from making the leap to a new location.

However, certain metros in Missouri, Texas, Indiana and Nevada saw the highest rate of income for homeowners between September 2024 and August 2025, according to Realtor.com, which surveyed the 50 largest metros across the country during that period.

Hannah Jones, senior economic research analyst for Realtor.com, said the high profitability of housing is driven by a combination of affordability and supply.

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“Homeowners in the affordable market can move easily, and benefit from the strong demand for affordable housing. This means that homes come onto the market and sell more effectively, resulting in higher profits,” said Jones.

View of downtown buildings and Lady Bird Lake as people are seen from the Pfluger Pedestrian Bridge in Austin, Texas. (Photos by Jakub Porzycki/NurPhoto/Getty)

Texas is seeing a lot of real estate interest, especially, because its markets are among the most oversupplied in the country.

“Many cities in Texas have more homes for sale today than before the pandemic, thanks in large part to new construction activity,” Jones said, adding that “this high concentration creates favorable conditions for buyers, which support high returns.”

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Even though affordability has worsened across the country, Jones said “the relative affordability of many of these markets remains better than the more expensive coastal markets.” He said home prices are low and buyers often get more bang for their buck.

The night sky of Nashville, Tennessee, 2010. (Photos by Carol M. Highsmith/Buyenlarge/Getty)

“This means that many families can work, get a loan, move up, or move to the state without having to face the pressure of large costs seen elsewhere,” he said.

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