The housing market has shifted dramatically, moving from low inventory and intense competition to a more favorable environment for buyers. Ebonee Johnikin, a real estate agent, notes that buyers now have more options as home listings have surged by 27.6% compared to last year. Major metropolitan areas like Denver, Las Vegas, and Tucson have seen significant inventory growth. The increase in available homes allows buyers to be more selective in their choices, marking a notable change in market dynamics from the previous year.
Compared to last year, the market definitely has some upsides for buyers. Some of these benefits are subtle, but they do add up.
The inventory of homes for sale increased in all of the largest metros, with markets like Denver, Las Vegas, and Tucson leading in growth percentages.
Every one of our markets shows an extremely high number of active listings, which provides buyers with a wider selection than in previous years.
There were 27.5% more homes actively for sale on a typical day in February compared with the same time in 2024.
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