As of February 2025, national housing inventory has increased by 27.6% compared to the previous year. Although this marks a recovery, many regions still exhibit tight inventory levels, particularly in the Northeast and Midwest where active listings remain significantly below those from February 2019. These markets benefit from less dependence on pandemic-driven migration trends, leading to a seller's market where homeowners hold more power amidst rising inventory levels elsewhere in the country, especially in the Sun Belt.
National active housing inventory for sale at the end of February 2025 was up 27.6% compared to February 2024, indicating a slow recovery following the pandemic.
Many housing markets in the Northeast and Midwest continue to have tighter inventories than national averages due to less reliance on post-pandemic migration.
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