The article discusses the post-pandemic housing market dynamics, highlighting that during the pandemic, active home listings declined significantly due to high buyer demand. As of May 2025, however, many regional markets have regained inventory levels last seen in 2019. Notably, 75 out of 200 markets now exceed these levels, facilitating buyer leverage, especially in areas like the Gulf Coast and Mountain West, which previously experienced rapid price increases linked to pandemic migrations. The article emphasizes ongoing adjustments in these markets as supply catches up with diminished demand.
During the pandemic housing boom, the number of active homes for sale plummeted, but as inventory rebounds, buyers gain more leverage in certain markets.
As of May 2025, 75 out of 200 major markets have surpassed pre-pandemic inventory levels. This trend indicates a shift in buyer power, particularly in Gulf Coast and Mountain West regions.
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