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Nationally aggregated stock is up simply 2.1% on a year-over-year foundation from July 31, 2025, to July 31, 2026.
Whereas that’s up a tad from the +1.9% year-over-year tempo final month, it’s decelerated considerably since final 12 months.
In the event you return 12 months, that year-over-year nationwide stock development price was a lot increased (+24.7.%). After a interval of a burst of softening wherein leverage shifted extra towards homebuyers, the supply-demand stability within the nationally aggregated housing market has been extra secure over the previous 12 months, settling into what ResiClub considers a “smooth” market. Observe, nonetheless that there’s a whole lot of nuance regionally and domestically.
Nationally, we’re nonetheless under pre-pandemic 2019 stock ranges (9.1% under July 2019), and a few resale markets, particularly chunks of the Midwest and Northeast, nonetheless stay, comparatively talking, tight-ish.
July stock/lively listings complete, in keeping with Realtor.com:
- July 2017 -> 1,322,659
- July 2018 -> 1,261,916
- July 2019 -> 1,239,534
- July 2020 -> 822,834
- July 2021 -> 546,686 (pandemic housing increase overheating)
- July 2022 -> 691,652
- July 2023 -> 647,135
- July 2024 -> 884,273
- July 2025 -> 1,102,787
- July 2026 -> 1,126,252
From July 2024 to July 2025, U.S. lively stock throughout the nation rose by 218,514 properties on the market.
From July 2025 to July 2026, U.S. lively stock throughout the nation rose by 23,465 properties on the market.
Proper now, we’re state stock knowledge. ResiClub members (paid tiers) can get our month-to-month interactive deep-dive evaluation stock shifts and indicators for 800-plus metro areas, 3,000 counties, and 25,000 zip codes. ResiClub PRO particulars here.
Under is the year-over-year lively stock proportion change by state.
Click here to view an interactive model of the year-over-year map under.
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Whereas lively housing stock is rising in most markets on a year-over-year foundation, the tempo of development continues to decelerate throughout a lot of the nation (see the side-by-side maps under). The truth is, Florida—residence to most of the weakest regional housing markets over the previous two years—is now seeing lively stock edge down slightly year-over-year (-14%).
From left: 12 months-over-year lively stock shift from July 2024 to July 2025; year-over-year active inventory shift from July 2025 to July 2026
And whereas lively housing stock is rising in most markets on a year-over-year foundation, some markets nonetheless stay tight-ish.
As ResiClub has been documenting, each lively resale and new properties on the market stay essentially the most restricted throughout enormous swaths of the Midwest and Northeast. That’s the place residence sellers in the summertime are seemingly, comparatively talking, to have extra energy than their friends in lots of Southern markets.
In distinction, lively housing stock on the market has neared or surpassed pre-pandemic 2019 ranges in lots of components of the Sunbelt and Mountain West, together with metro-area housing markets corresponding to Punta Gorda, Florida, and Austin.
Many of those areas noticed main worth surges through the pandemic housing increase, with residence costs getting stretched in comparison with native incomes. As pandemic-driven home migration slowed and mortgage charges rose, markets like Punta Gorda and Austin confronted challenges, counting on native earnings ranges to help frothy residence costs.
This softening development was accelerated additional by an abundance of new-home provide within the Sunbelt. Builders are sometimes keen to decrease costs or supply affordability incentives (if they’ve the margins to take action) to keep up gross sales in a shifted market, which additionally has a cooling impact on the resale market: Some consumers who would have beforehand thought-about present properties have opted for brand spanking new properties with extra favorable offers over the previous couple of years—which then put extra upward strain on resale stock.
Click here to view an interactive model of the map under.
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On the finish of July 2026, 16 states have been above pre-pandemic 2019 lively stock ranges: Alabama, Arizona, Arkansas, Colorado, Florida, Hawaii, Idaho, Nebraska, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington. (The District of Columbia can be again above pre-pandemic 2019 lively stock ranges.)
Click here to view an interactive of the chart under (greatest accomplished on desktop).
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Large image: Over the previous 12 months the post-boom softening hasn’t been as sturdy because it was in 2024 or 2025, and stock development has decelerated on a year-over-year foundation. That stated, the nationally aggregated housing market stays smooth. While home prices are declining in some parts of the Sunbelt, massive components of Northeast and Midwest markets are nonetheless eking out small year-over-year positive factors. On the nationwide stage, residence costs are primarily flat 12 months over 12 months.
Click here for an interactive model of the desk under.
Under is one other model of the desk above—however this one contains each month since January 2017.
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In the event you’d wish to additional look at the month-to-month state stock figures, use the interactive under.
As ResiClub has been carefully documenting, Florida—which has been the epicenter of housing market weak point over the previous 2.5 years, significantly in Southwest Florida—is not seeing the identical upward burst in stock.
Certainly, the intensity of Florida’s housing market correction is easing across many pockets of the state. There are nonetheless pockets of weak point, significantly in Southwest Florida, however the burst of softening has let up. Some builders have additionally reported that their affordability changes have helped them higher meet the market within the state. To essentially get a way of the zip ode nuances, I like to recommend utilizing the ResiClub Terminal.
Click here to view an interactive/searchable model of the chart under.
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