"In February 2022, there were only 346,511 active homes for sale, a staggering 68.5% below the 1,102,660 active listings in February 2019. By February 2026, active homes for sale reached 914,860, with 66 of the nation's 200 largest housing markets having more active inventory than in pre-pandemic February 2019."
"Many of the softest housing markets over the past few years, where homebuyers have gained more leverage, are located in the South and Mountain West regions. These areas were among the nation's top pandemic boomtowns, having experienced significant home price growth during the pandemic housing boom."
By February 2026, active homes for sale reached 914,860, with 66 of the 200 largest housing markets surpassing pre-pandemic inventory levels from February 2019. During the pandemic housing boom, demand was exceptionally high, leading to a drastic reduction in available listings. In February 2022, active listings were 68.5% lower than in February 2019. Many previously booming markets in the South and Mountain West have softened, allowing homebuyers to gain leverage as home prices grew unsustainably during the pandemic.
Read at Fast Company
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