65 housing markets with an inventory surge that benefits homebuyers
January 18, 2025
Although homebuyers and home sellers continue to encounter headlines declaring the housing market a seller’s domain with national home prices at record highs, a closer analysis shows that several regional markets have shifted, offering homebuyers increased leverage.
During the pandemic housing boom, spanning from summer 2020 to spring 2022, active home listings in most housing markets dwindled as surging buyer demand rapidly consumed nearly every property that hit the market. Fast forward to today, and the housing markets where active inventory has returned to 2019 levels are now the ones where homebuyers have gained some power. As of December 2024, national active inventory remained 16% below December 2019 levels. However, a growing number of regional markets have surpassed that benchmark.