"The national housing inventory rose by 31% in April 2025 compared to April 2024, nearing pre-pandemic levels, though many markets remain tight, especially in the Northeast."
"Despite a general increase in national housing inventory, some markets, particularly in the Northeast, remain significantly below 2019 levels, giving sellers the upper hand."
As of April 2025, the U.S. housing inventory is up by 31% from April 2024, yet it's only 16% lower than pre-pandemic levels. Several markets, particularly in the Northeast and Midwest, display tighter inventory than the national average, resulting in a continued advantage for sellers. Notably, 37 metro areas continue to have over 50% less active inventory compared to April 2019, even as the Sun Belt markets have shown recovery. Factors like lower new home construction and less impact from pandemic-era migration contribute to this inventory tightness.
Read at Fast Company
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