Housing Market Inventory: Which States Hold the Fewest and Most Listings This Fall

Housing Market Inventory by State – Fall 2026 Overview

The latest housing market inventory snapshot shows a modest national rise of ↑ 2.1% year‑over‑year as of July 2026, a slowdown from the double‑digit surge seen in mid‑2024. While most states added listings, growth is losing steam.

States with the tightest inventory

The Midwest and Northeast remain constrained; Indiana, Ohio and Pennsylvania posted year‑over‑year declines below 5%, keeping sellers in a position of leverage.

States with the deepest surplus

Sixteen states now sit above pre‑pandemic 2019 levels, including Texas, Florida and Washington, where active listings have swelled to historic highs. Notably, Florida’s inventory slipped ↓ 14% from the previous year, reflecting lingering regional weakness.

“The market is shifting from a seller‑driven frenzy to a balanced footing,” a senior analyst at Reuters noted.

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Key takeaways: 1) National inventory remains 9.1% below July 2019 levels; 2) Sunbelt metros such as Austin and Punta Gorda have approached or exceeded 2019 benchmarks, buoyed by new‑home construction; 3) Builders are offering price incentives, tempering resale price growth in those corridors, as reported by Bloomberg. Buyers should monitor local zip‑code trends; the ResiClub Terminal provides granular data for over 25,000 zip codes.