Home shoppers, take heart. It's a buyer's market in most metropolitan areas of the U.S., according to a new Redfin analysis released Wednesday.

Sellers now outnumber home buyers by at least 10% in 35 of the 50 most populous parts of the country, especially in the Sun Belt states of Florida and Texas and West Coast markets including Oakland, California; San Diego; and Seattle.

“Of course, it’s only a buyer’s market for those who can afford to buy,” Redfin said in its analysis Wednesday. “Many Americans have been priced out of the housing market altogether in recent years. Mortgage rates are more than double their pandemic low, and home prices are at a record high for this time of year.”

The national median list price for a home in July was $434,189 — up 1.4% compared with a year earlier

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