A recent report by NAR highlighted a drastic decline in affordable home listings for households earning between $50,000 and $100,000. Households making $75,000 saw the percentage of listings they could afford drop from 48.8% in 2019 to 21.2% in 2025. The inventory crisis is particularly pronounced in certain states like Florida, which has seen increased listings accompanied by declining sales. Meanwhile, new hotspots like Toledo, Ohio, are experiencing sudden surges in home prices, further complicating the affordable housing landscape across the country.
Households earning $75,000 saw a significant decline in home listings they could afford, dropping from 48.8% in 2019 to just 21.2% by 2025.
The drop in affordable listings is due largely to inventory shortage, particularly affecting households making $50,000 and $100,000, with thousands of listings missing.
Although housing inventory reached a low point in 2022, it has recently risen to more historical levels, increasing by 32.4% year over year.
In metro areas, Florida notably saw a jump in listings without a corresponding increase in sales, with Lakeland-Winter Haven leading the state.
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