US Inventory Rebound Reached 18 States

By Mid-Q2 2024, 18 US states had more homes for sale than in 2019, marking a notable break from the post-pandemic inventory shortage.
Nationally, though, the market still remained tight, with US inventory well below pre-pandemic levels even as supply recovered in selected states overall.
The inventory increase was linked to higher mortgage rates slowing buyers and to stronger homebuilding, which left more listings available as demand cooled.
An economist said this kind of normalization gave buyers more choice and could help moderate price growth where supply had moved above pre-pandemic benchmarks.
For sellers, the shift meant more competition, making sharper pricing and stronger presentation increasingly important while market watchers tracked whether more states might follow.