75 Housing Markets Where Inventory Is Improving
Housing inventory has been recovering across the U.S. Between summer 2020 and spring 2022, the number of homes for sale dropped sharply in most markets as strong buyer demand quickly snatched up listings. But this has changed as inventory has improved across the U.S. As of the end of May 2025, the total number of homes for sale nationwide was still 12% below what it was in May 2019. However, more local markets are surpassing that pre-pandemic benchmark, according to the ResiClub blog.
In May 2025, 75 local housing markets had recorded inventory levels above 2019 levels. Comparatively, in January 2025, only 41 of these metro areas had inventory above pre-pandemic levels.
Where is inventory growing the most?
Active inventory is growing the most in the Gulf Coast and Mountain West. These regions were among the nation’s top pandemic boomtowns, having experienced significant home price growth during the pandemic housing boom, which stretched housing fundamentals far beyond local income levels.
Punta Gorda, Fla., for instance, has seen inventory grow by 100% from 2019 to 2025. Likewise, Colorado Springs, Colo. has seen inventory grow by 91% during this same period.
Meanwhile, the Northeast and Midwest markets saw less population growth during the pandemic, and therefore, are seeing less new construction now.
Inventory has been improving across the U.S. throughout 2025
- Active Inventory Improves Across the US: In March 2025, active inventory was up 28.5% from the prior year.
- Homebuyers to See Less Competition as Inventory Increases: In December 2024, there were nearly 1 million homes on the market nationwide, which is the highest number of homes for sale in December since 2019.
- Home Inventory Headed in the Right Direction: In January 2025, active inventory grew by 27.5% year-over-year.