Housing Inventory Returns to Pre-Pandemic Levels as Sales Stagnate

Home prices are under pressure in regions with high inventory levels. This follows a rise in existing home months-of-supply above pre-pandemic levels. Active listings rose to 1.36 million last year year, lifting supply from record-depressed levels. Inventory growth is slowing in 2026, with Florida and the Dallas-Fort Worth-Arlington metro showing negative year-over-year inventory. This deceleration is the result of a ingredients higher inventory baseline. Existing home sales remain stagnant at the lowest levels since 1995. New listings remain below the 80,000 to 100 yang own range typical of a normal year.