Housing inventory levels in the U.S. have shown fluctuations over the years, with 32 of the nation's 200 largest markets, including 19 in Florida and Texas, back to pre-pandemic levels in May 2024. Certain markets like Clewiston, FL, Sevierville, TN, and Pueblo, CO have experienced significant inventory spikes. Despite rising listings, total homes for sale are still at least 30% below the 2016-2020 average. New home listings rose slightly in May but remain around 20% lower than pre-pandemic levels. Home prices have reached new highs, leading to more stale listings and price drops, with examples like Punta Gorda, FL seeing a 584% increase in inventory over 36 months.
Inventory in Punta Gorda, FL is up 584% over the past 36 months—61% above pre-pandemic levels FirstKey Homes—institutional landlord owned by private equity firm Cerberus—has this home there for sale for $336,000 25% below its May 2022 purchase at $445,000 h/t @TrishaFLsun https://t.co/zlJZSPgyTk
Home Prices Hit New High, But Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common https://t.co/vnpYL0egaD
Redfin Reports Home Prices Hit New High, But Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common https://t.co/VRZhSuEUu1 https://t.co/QEKggCXk7X
New home listings rose by 0.3% month/month in May (and 8.8% year/year) ... still roughly 20% below pre-pandemic levels per @Redfin https://t.co/m1Lr4FpKAD
Among the 800 largest U.S. metros, these housing markets remain the furthest below pre-pandemic inventory levels https://t.co/zZKrUt9TxJ
Total homes for sale over the past 5 and 10 years. Listings are rising but still at least 30% under the average from 2016-2020. https://t.co/wMTeD2sazz
These housing markets have seen BIG inventory spikes Among the 800 largest U.S. metros, these housing markets have the most active housing inventory for sale relative to pre-pandemic Clewiston, FL +150% Sevierville, TN +116% Pueblo, CO +101% Chart via @ResidentialClub https://t.co/gNcILAWYSE
May 2021👇 0 of the nation's 200 largest housing markets were back to pre-pandemic inventory levels May 2023 👇 7 of 200 May 2024 👇 32 of 200 (with 19 in Florida/Texas) My latest for @ResidentialClub https://t.co/lYnG72Tzv7 https://t.co/rj5FMrqmQw