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

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Why This Matters

Housing inventory is rebuilding, with 18 states now above their pre-pandemic 2019 levels and national inventory up 3.8% year over year. More listings mean more negotiating leverage for buyers and softer price pressure in the markets that have recovered supply fastest, a meaningful shift after years of scarcity.

Key Takeaways
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Nationally aggregated inventory is up +3.8% on a year-over-year basis between August 31, 2025 and August 31, 2026. Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.