The hottest Inventory Levels Substack posts right now

New home sales in January 2026 fell to their lowest level in more than three years.
Months of inventory surged to nearly 10, showing a big rise in unsold new homes on the market.
The weak sales plus higher inventory could keep counterparties coming into the market for at least another month.

February existing-home sales look to be down slightly year-over-year based on early market data.
Active inventory is higher than a year ago—Altos shows about a 6.9% rise for single-family homes and reporting markets show roughly a 10% increase—but levels are still low within the year and a seasonal pickup is expected.
New listings have ticked up modestly (around 1.8% YoY) while closed sales in early-reporting markets fell about 1.1% YoY, and sales remain well below February 2019 levels.

Existing home sales remain weak — about 3.9 million SAAR and roughly 27% below pre‑pandemic levels, and sales have been unusually low for more than three years.
Housing inventory is rising year‑over‑year and months‑of‑supply are nearing pre‑pandemic norms, which increases the chance that national prices could start to decline sometime in 2026.
Prices are mixed: the national median is only slightly up year‑over‑year, but some local markets (notably California) have seen significant price drops, so conditions vary a lot by region.

Home sales have been mostly flat through December but are starting to show signs of picking up.
Inventory has been falling since the summer, which suggests supply is beginning to tighten.
Months-of-inventory remains above seven months, so there is still ample supply and many willing counterparties in the market.

Home sales in early-reporting markets fell sharply year‑over‑year (around 10.8%), though seasonally adjusted national figures may show only a small decline or be roughly flat because of seasonal factors and one fewer working day.
New listings were down year‑over‑year (about 3.5%) and remain well below pre‑pandemic activity, roughly 21% lower than October 2019.
Active inventory rose about 19.4% year‑over‑year, but there are large regional differences — some markets like Denver are up sharply while others like San Diego are down.

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Existing-home sales rose in December to a 4.35 million SAAR, up 5.1% from November and about 1.4% from a year earlier. Despite the monthly gain, annual sales remain at their lowest level since 1995.
Housing inventory fell sharply in December to 1.18 million units and months-of-supply dropped to 3.3 months, reflecting seasonal lows. Yet inventory was up 3.5% year‑over‑year and, on a months‑of‑supply basis, is higher than before the pandemic because sales have fallen even more.
Median existing-home prices increased only modestly, rising 0.4% year‑over‑year to $405,400, indicating slight price growth.

New listings of homes were up by about 5% compared to last year, but they are still much lower than normal levels seen before the pandemic.
The drop in mortgage rates starting in mid-August encouraged more homeowners to list their homes for sale, which is expected to continue even in the colder months.
Weather events like Hurricane Milton affected home listings and sales in certain areas, particularly in Florida, showing that local conditions can impact the overall housing market.

In June, home sales increased by 4.5% compared to last year. This is a positive change after a decline in May.
Inventory of homes for sale was up 30.8% year-over-year. This means more homes are available for buyers than before.
New listings in June were also up by 5.5% from last year, but they are still lower compared to June 2019.

In October, existing home sales saw a year-over-year increase, which is the first time this has happened since August 2021. This means more people are buying homes now compared to last year.
The median price of homes rose by about 4.7% compared to the same time last year, showing that homes are becoming more expensive even though sales are still low.
Active inventory of homes for sale went up by 25.9% year-over-year, especially in places like Florida and Texas. This increase could impact home prices in the coming months.

Existing-home sales rose to 3.96 million in October, marking a 3.4% increase from September and the first yearly rise since July 2021. This shows a positive trend in the housing market.
Median home prices increased by 4.0% compared to last year, which suggests that despite more inventory, homes are still getting more expensive.
Inventory of homes for sale is up 19.1% compared to last year, indicating more options for buyers, although the months of supply is higher than in pre-pandemic times.