US Inventory Growth Slows Stays Soft

As we move through Mid-Q3 2026, national active housing inventory has edged up to 1.14 million—about a 4% increase from last year’s 1.1 million. While this is still positive growth, it’s noticeably slower than the rapid 21% surge we saw just a year prior, even after rebounding from a near standstill of about 2% in late Q2. Interestingly, 18 states and DC have now surpassed their pre-pandemic 2019 inventory levels, though overall, the national supply remains about 8% below where we stood in Mid-Q3 2019 (1.24 million active listings back then). In my years working with clients on both residential and investment properties, I’ve seen how these shifts impact buyers and sellers alike. The dramatic post-boom slowdown has calmed, creating a softer, more balanced market and holding prices steady year-over-year. However, with higher yields and mortgage rates on the horizon, we could see momentum tested once again. I continue to keep a close watch on these trends to help clients make confident decisions, whether you’re entering the market or planning your next move.

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