Which cities are experiencing the biggest surge in housing inventory in 2024?
Analyzing the 10 cities where inventory levels have increased the most in 2024 compared to the previous years. There’s quite a few markets in Florida that make the list.
Inventory continues to skyrocket in the South. Meanwhile – the Northeast remains in a massive shortage.
The bifurcated nature of the 2024 housing market is increasing as the year goes on, with inventory levels continuing to climb across Southern states like Texas, Florida, Tennessee, and Georgia. Meanwhile, inventory remains near rock-bottom levels in the Northeast.
Sellers are cutting prices at the highest rate since 2018. But the housing market is still expensive.
Sellers are cutting prices on houses at the highest rate in six years. However, list prices are still resting near all-time high levels, indicating that homebuyers will remain on the sidelines until more relief comes.
Home builder inventory just hit 2008 levels in the South (Florida, Texas, Tennessee)
Home builders in the South are now selling the most houses on record, a sign that the Housing Bubble could be on the verge of popping in states like Texas and Florida.
Realtor.com releases inventory data for May 2024. Listings spiked.
Housing inventory spiked by 35% in May 2024 compared to the year prior according to data from Realtor.com. With the biggest inventory surge occurring in Sun Belt states like Texas, Arizona, and Florida.
