Active Home Inventory Increases in September

In a show of improvement for the U.S. housing market, inventory has increased. According to the ResiClub blog, national active home listings have increased by 34% from September 2023 to September 2024, but remain 23% below pre-pandemic levels from September 2019. If the current growth rate continues, with an additional 239,594 homes for sale each year, the active inventory could reach 1.18 million by September 2025. Florida has seen some of the largest inventory jumps, particularly in Southwest Florida, over the past two years.

In particular, in markets like Cape Coral, Punta Gorda, and Fort Myers, which were hard-hit by Hurricane Ian in September 2022. This combination of increased housing supply for sale—the damaged homes coming up for sale—coupled with strained demand—the result of spiked home prices, spiked mortgage rates, higher insurance premiums, and higher HOAs—translated into market softening across much of Southwest Florida. However, the inventory increases in Florida now expands far beyond SWFL. Markets like Jacksonville and Orlando are also above pre-pandemic levels, as are many coastal pockets along Florida’s Atlantic Ocean side.

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