A new monthly housing report from Realtor.com shows that while many of America's 50 largest metros still have below-pre-pandemic inventory levels, San Antonio saw a surge of 27.1%, with Austin, Dallas, and Denver following with growth rates ranging from 4.6% to 18.1%.
Realtor.com's Chief Economist, Danielle Hale, points out that the recovery in inventories in these cities like San Antonio, Austin, Dallas, and Denver is due to both recent market cooling and their high demand status even before the pandemic.
Factors contributing to the rebound in housing supply include homeowners responding to rising mortgage rates by selling their homes to downsize or relocate, and the construction industry adapting to pandemic challenges like supply chain disruptions and speeding up building processes.
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