In 54 of the nation’s largest housing markets, active home listings are above pre-pandemic levels
Nov. 20, 2024
Andy Dean / stock.adobe.com
Active home listings improved across the U.S., with levels back above pre-pandemic levels in 54 of the largest housing markets.
During the pandemic housing boom, homes sold at a record pace, with active listings moving swiftly off the market. In October 2021, there were 565,707 active listings across the U.S., compared with more than 1.2 million active home listings in October 2019. However, this is starting to change, according to the ResiClub blog. As of October 2024, 54 of the nation’s 200 largest housing markets had active inventory that exceeded October 2019 levels. Compared with just one year ago, only 17 of these housing markets had active inventory that exceeded pre-pandemic levels.
Most of the housing markets where active inventory levels have climbed back above pre-pandemic levels are markets in the Sunbelt that were particularly hot during the Pandemic Housing Boom. For example, in Huntsville, Alabama, active housing inventory for sale in October 2024 was 85% higher than in October 2019.
Among the 200 largest U.S. metro-area housing markets, the tightest housing markets—where inventory is the furthest below pre-pandemic levels—are still mostly located in the Northeast and Midwest. Read more
