During the pandemic housing boom, none of the nation's 200 largest markets had inventory levels above May 2019. By May 2023, 7 markets surpassed pre-pandemic levels, increasing further to 32 by May 2024, with 19 in Texas or Florida.
Gulf markets showed the most significant inventory gains, with Southeast and Southwest markets leading in active inventory rise. Florida and Texas markets, like Austin and Punta Gorda, had amplified home construction and insurance impacts.
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