Complete data on active listings, months of supply, and year-over-year changes for all 50 states
Housing inventory is one of the most critical metrics for understanding the U.S. real estate market. Whether you are a buyer looking for leverage in negotiations or a seller assessing competition, knowing the number of active listings in your state helps you make informed decisions.
This comprehensive guide provides current housing inventory data for all 50 states, historical trends since 2017, and analysis of how each state compares to pre-pandemic levels.
January 2026 Active Listings
912,696
+10.0% YoY
Months of Supply
3.7
Balanced market range (4-6)
| Year | Active Listings | Months of Supply | vs. Prior Year |
|---|---|---|---|
| 2017 | 1,154,120 | 4.2 | |
| 2018 | 1,043,951 | 3.8 | -9.5% |
| 2019 | 1,110,636 | 3.9 | + 6.4% |
| 2020 | 951,675 | 3.5 | -14.3% |
| 2021 | 531,775 | 1.9 | -44.1% |
| 2022 | 376,970 | 1.6 | -29.1% |
| 2023 | 616,865 | 2.8 | + 63.6% |
| 2024 | 665,569 | 3.1 | + 7.9% |
| 2025 | 829,376 | 3.5 | + 24.6% |
| 2026 | 912,696 | 3.7 | + 10.0% |
Source: Realtor.com data via ResiClub Analytics
While inventory is up 10% year-over-year, we remain 17.8% below January 2019 pre-pandemic levels. The pace of inventory growth has slowed in recent months as market softening stabilizes.
Nine states have surpassed their January 2019 active listing counts. These markets tend to have more buyer-friendly conditions.
| State | YoY Change | vs. Jan 2019 | Months Supply |
|---|---|---|---|
| Texas | +8.2% | +12.5% | 3.8 |
| Florida | +15.3% | +8.2% | 4.2 |
| North Carolina | +9.5% | +2.1% | 3.4 |
| Georgia | +11.2% | +5.8% | 3.6 |
| Washington | +7.2% | +3.2% | 2.7 |
| Arizona | +12.8% | +18.5% | 3.9 |
| Tennessee | +10.5% | +15.2% | 3.7 |
| Colorado | +8.9% | +6.8% | 3.1 |
| South Carolina | +13.2% | +22.4% | 4 |
| Alabama | +7.8% | +8.5% | 3.5 |
| Oklahoma | +8.1% | +4.2% | 3.4 |
| Mississippi | +6.2% | +1.2% | 4.2 |
| Arkansas | +5.8% | +6.5% | 3.3 |
| Utah | +9.8% | +28.5% | 3.5 |
| Nevada | +11.5% | +12.8% | 3.7 |
| New Mexico | +7.2% | +8.5% | 4.1 |
| Nebraska | +4.2% | +5.2% | 2.4 |
| Idaho | +14.5% | +42.8% | 4.8 |
| Montana | +8.5% | +25.8% | 4.2 |
| North Dakota | +2.5% | +1.2% | 2.1 |
| Wyoming | +6.5% | +12.5% | 3.6 |
These states saw the largest year-over-year increases in active listings, giving buyers the most options.
| Rank | State | YoY Growth | vs. 2019 | Months Supply |
|---|---|---|---|---|
| 1 | Florida | +15.3% | +8.2% | 4.2 |
| 2 | Idaho | +14.5% | +42.8% | 4.8 |
| 3 | South Carolina | +13.2% | +22.4% | 4 |
| 4 | Arizona | +12.8% | +18.5% | 3.9 |
| 5 | Nevada | +11.5% | +12.8% | 3.7 |
| 6 | Georgia | +11.2% | +5.8% | 3.6 |
| 7 | Tennessee | +10.5% | +15.2% | 3.7 |
| 8 | Utah | +9.8% | +28.5% | 3.5 |
| 9 | North Carolina | +9.5% | +2.1% | 3.4 |
| 10 | Colorado | +8.9% | +6.8% | 3.1 |
These states have the lowest months of supply, indicating strong seller leverage and competitive buyer conditions.
| Rank | State | Months Supply | YoY Change | vs. 2019 |
|---|---|---|---|---|
| 1 | North Dakota | 2.1 | +2.5% | 1.2% |
| 2 | Iowa | 2.2 | +2.5% | -9.8% |
| 3 | Minnesota | 2.3 | +3.6% | -16.2% |
| 4 | South Dakota | 2.3 | +3.2% | -2.5% |
| 5 | Wisconsin | 2.4 | +2.8% | -14.5% |
| 6 | Nebraska | 2.4 | +4.2% | 5.2% |
| 7 | Massachusetts | 2.5 | +3.5% | -32.1% |
| 8 | Kansas | 2.5 | +3.5% | -5.8% |
| 9 | Indiana | 2.6 | +4.1% | -8.9% |
| 10 | New Hampshire | 2.6 | +3.8% | -22.5% |
| State | YoY Change | vs. Jan 2019 | Months Supply | Market Type |
|---|---|---|---|---|
| Texas | +8.2% | +12.5% | 3.8 | Seller's Market |
| Florida | +15.3% | +8.2% | 4.2 | Balanced |
| California | +3.1% | -22.4% | 2.9 | Seller's Market |
| New York | +5.8% | -28.1% | 4.5 | Balanced |
| Pennsylvania | +4.2% | -15.3% | 3.2 | Seller's Market |
| Illinois | +6.1% | -21.8% | 3.5 | Seller's Market |
| Ohio | +3.8% | -12.6% | 2.8 | Seller's Market |
| North Carolina | +9.5% | +2.1% | 3.4 | Seller's Market |
| Georgia | +11.2% | +5.8% | 3.6 | Seller's Market |
| Michigan | +2.9% | -18.2% | 3.1 | Seller's Market |
| New Jersey | +4.5% | -25.6% | 4.1 | Balanced |
| Virginia | +6.8% | -8.4% | 3.3 | Seller's Market |
| Washington | +7.2% | +3.2% | 2.7 | Seller's Market |
| Arizona | +12.8% | +18.5% | 3.9 | Seller's Market |
| Massachusetts | +3.5% | -32.1% | 2.5 | Seller's Market |
| Tennessee | +10.5% | +15.2% | 3.7 | Seller's Market |
| Indiana | +4.1% | -8.9% | 2.6 | Seller's Market |
| Missouri | +3.2% | -11.2% | 2.9 | Seller's Market |
| Maryland | +5.5% | -19.8% | 3.4 | Seller's Market |
| Wisconsin | +2.8% | -14.5% | 2.4 | Seller's Market |
| Colorado | +8.9% | +6.8% | 3.1 | Seller's Market |
| Minnesota | +3.6% | -16.2% | 2.3 | Seller's Market |
| South Carolina | +13.2% | +22.4% | 4 | Balanced |
| Alabama | +7.8% | +8.5% | 3.5 | Seller's Market |
| Louisiana | +5.2% | -2.1% | 4.8 | Balanced |
| Kentucky | +4.8% | -6.5% | 3 | Seller's Market |
| Oregon | +6.5% | -5.2% | 2.8 | Seller's Market |
| Oklahoma | +8.1% | +4.2% | 3.4 | Seller's Market |
| Connecticut | +3.9% | -24.8% | 3.8 | Seller's Market |
| Iowa | +2.5% | -9.8% | 2.2 | Seller's Market |
| Mississippi | +6.2% | +1.2% | 4.2 | Balanced |
| Arkansas | +5.8% | +6.5% | 3.3 | Seller's Market |
| Utah | +9.8% | +28.5% | 3.5 | Seller's Market |
| Nevada | +11.5% | +12.8% | 3.7 | Seller's Market |
| Kansas | +3.5% | -5.8% | 2.5 | Seller's Market |
| New Mexico | +7.2% | +8.5% | 4.1 | Balanced |
| Nebraska | +4.2% | +5.2% | 2.4 | Seller's Market |
| West Virginia | +2.1% | -3.5% | 4.5 | Balanced |
| Idaho | +14.5% | +42.8% | 4.8 | Balanced |
| Hawaii | +2.8% | -35.2% | 3.2 | Seller's Market |
| Maine | +4.5% | -18.5% | 3.1 | Seller's Market |
| Montana | +8.5% | +25.8% | 4.2 | Balanced |
| New Hampshire | +3.8% | -22.5% | 2.6 | Seller's Market |
| Rhode Island | +4.1% | -26.8% | 3.5 | Seller's Market |
| Delaware | +5.8% | -12.5% | 3.9 | Seller's Market |
| South Dakota | +3.2% | -2.5% | 2.3 | Seller's Market |
| North Dakota | +2.5% | +1.2% | 2.1 | Seller's Market |
| Alaska | +1.8% | -8.5% | 3.8 | Seller's Market |
| Vermont | +3.2% | -15.8% | 2.8 | Seller's Market |
| Wyoming | +6.5% | +12.5% | 3.6 | Seller's Market |
Homeowners with mortgage rates below 5% are reluctant to sell and lose their low rate, keeping inventory constrained. This affects markets with high homeownership rates and older mortgages.
The Sun Belt has seen significant new home construction, adding to inventory. The Midwest and Northeast have less new development, keeping overall supply tighter.
States like California, Hawaii, and mountainous regions have limited land for development, constraining inventory regardless of demand.
Inventory typically peaks in late spring and summer, then declines through winter. Florida and Sun Belt states see different seasonal patterns due to climate and migration.
If you use this data in your research, please cite:
Real Estate Agent Near Me. "Housing Inventory by State 2026." realestateagentnearme.com/housing-inventory-by-state. Accessed February 17, 2026.
A knowledgeable local agent can help you navigate inventory trends and find the right home at the right price.
Find Your Perfect AgentHousing inventory refers to the total number of active listings for sale in a given market at a specific time. It represents the supply side of the housing market and is a key indicator of whether it is a buyer's or seller's market.
Months of supply is calculated by dividing the current number of active listings by the number of homes sold in the previous month. For example, if there are 100 homes for sale and 5 homes sold last month, the months of supply is 20 months.
A balanced housing market typically has 4 to 6 months of supply. In this range, neither buyers nor sellers have significant leverage. Below 4 months tends to favor sellers, while above 6 months favors buyers.
Several factors contribute to low inventory: limited new construction, aging housing stock, homeowners with low mortgage rates who are reluctant to sell (lock-in effect), and geographic constraints in states like California and Hawaii.
Nationally, housing inventory is still about 18% below pre-pandemic 2019 levels. However, some Sun Belt states like Florida, Texas, and Arizona have surpassed their 2019 inventory levels, while Northeast and Midwest markets remain tighter.
Rising inventory typically signals a shift toward a buyer's market, which can lead to slower price growth or price reductions. Conversely, falling inventory often drives prices up as competition among buyers increases.