5 housing markets where inventory rose the most—and 5 where it fell

Want more stories from Lance Lambert’s  ResiClub   in your inbox?  Subscribe  to the free, daily  ResiClub   newsletter .



Generally speaking, housing markets where inventory (i.e., active listings) has returned to pre-pandemic levels have experienced weaker home price growth (or outright declines) over the past 20 months. Conversely, housing markets where inventory remains far below pre-pandemic levels have generally experienced resilient home price growth over the past 20 months.



Most housing markets still fall into the latter camp, and national active inventory in April 2024 was still a staggering 35% below April 2019 levels. That said, inventory in most markets is rising now, and nationally is up 30% on a year-over-year basis.



ResiClub used its Lance Lambert Inventory Tracker to determine the locations where housing inventory has grown the most, compared to pre-pandemic levels and where it has fallen the furthest below pre-pandemic levels. (For this analysis, we looked at the 150 largest metro area housing markets .) The housing markets with the biggest increase in home inventory are in Florida and Texas, while the markets with the biggest decreases are in the Northeast and Midwest.



5 housing markets where active inventory is up the most



1. Killeen-Temple, Texas




+65%: 5-year inventory change



+55%: 1-year inventory change



-1.0%: 1-year home price change



-5.4%: Home prices since 2022 peak








2. Lakeland-Winter Haven, Florida




+33%: 5-year inventory change



+50%: 1-year inventory change



+2.1%: 1-year home price change



-2.5%: Home prices since 2022 peak








3. Austin-Round Rock-Georgetown, Texas




+26%: 5-year inventory change



+24%: 1-year inventory change



-4.1%: 1-year home price change



-19.5%: Home prices since 2022 peak








4. Ocala, Florida




+18%: 5-year inventory change



+35%: 1-year inventory change



+0.7%: 1-year home price change



-2.1%: Home prices since 2022 peak








5. San Antonio-New Braunfels, Texas




+15%: 5-year inventory change



+44%: 1-year inventory change



-1.9%: 1-year home price change



-6.9%: Home prices since 2022 peak








5 housing markets where active inventory has dropped the most



1. Bridgeport-Stamford-Norwalk, Connecticut




-80%: 5-year inventory change



-11%: 1-year inventory change



+12.4%: 1-year home price change



+8.9%: Home prices since 2022 peak








2. Hartford-East Hartford-Middletown, Connecticut




-79%: 5-year inventory change



+2%: 1-year inventory change



+12.7%: 1-year home price change



+11.1%: Home prices since 2022 peak








3. Peoria, Illinois




-79%: 5-year inventory change



+9%: 1-year inventory change



+8.4%: 1-year home price change



+1.8%: Home prices since 2022 peak








4. Albany-Schenectady-Troy, New York




-74%: 5-year inventory change



-1%: 1-year inventory change



+6.8%: 1-year home price change



+4.1%: Home prices since 2022 peak








5. New Haven-Milford, Connecticut




-73%: 5-year inventory change



+8%: 1-year inventory change



+11.7%: 1-year home price change



+9.7%: Home prices since 2022 peak