These major metro areas are seeing the most moves

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

While U.S. housing markets are seeing the lowest turnover rates in decades, several metros in Missouri, Texas, Indiana and Nevada are bucking that trend.

An analysis by Redfin revealed that just 28 out of every 1,000 U.S. homes changed hands in the first nine months of 2025, marking the lowest rate since the 1990s. Affordability challenges and uncertainty about the economy were the major factors in keeping buyers and sellers from jumping to a new spot.

Still, certain metros in Missouri, Texas, Indiana and Nevada saw a particularly high turnover rate of homeowners between September 2024 and August 2025, according to Realtor.com, which evaluated 50 of the largest metros across the country during that time period.

Hannah Jones, Realtor.com senior economic research analyst, said the high housing turnover is driven by a combination of affordability and ample inventory.

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“Homeowners in affordable markets can more easily afford to move, and benefit from strong demand for affordable homes. This means that homes hit the market and sell successfully, resulting in high turnover,” Jones said.

A view of the downtown buildings and the Lady Bird Lake as people are seen on the Pfluger Pedestrian Bridge in Austin, Texas. (Jakub Porzycki/NurPhoto/Getty Images)

Texas is seeing a significant amount of housing turnover, in particular, because its markets are among the best-supplied in the country.

“Many Texas metros have more homes for sale today than they did before the pandemic, thanks in large part to robust new-construction activity,” Jones said, adding that “this elevated inventory creates buyer-friendly conditions, which support higher turnover.”

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Even though affordability has worsened nationwide, Jones said that “relative affordability in many of these markets remains better than in pricey coastal markets.” She said that home prices are lower and buyers often get more space for their money.

Aerial night skyline of Nashville, Tennessee, 2010. (Carol M. Highsmith/Buyenlarge/Getty Images)

“This means that more households can actually transact, they can qualify for mortgages, move up, or relocate within the state without facing the extreme cost pressures seen elsewhere,” she said.

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