The 18 states back above pre-pandemic 2019 housing inventory levels

This year, national housing inventory rose by 3.8% compared to last year—though that pace has slowed and inventory is still 7.7% below what we saw in 2019. Most states are seeing only mild increases, and in some cases, declines in available homes. However, the Sun Belt and Mountain West regions are notable exceptions, with inventory levels now close to or even above those pre-pandemic numbers. Prices in these areas remain mostly stable. Having navigated changing markets for over three decades, I’ve seen how shifts like these can influence both buyers’ and sellers’ strategies. Clear communication and informed guidance are essential when the landscape is this nuanced.