41 housing markets where inventory just tipped in favor of buyers

Dusty Rhodes • February 10, 2025

Among the nation’s 200 largest housing markets, these 41 metro areas now have active inventory at or above 2019 pre-pandemic levels.


While homebuyers and home sellers still see headlines about the housing market being a seller’s market and national home prices reaching all-time highs, a deeper look reveals that several regional housing markets have shifted, giving homebuyers some power. 


During the pandemic housing boom, from summer 2020 to spring 2022, the number of active homes for sale in most housing markets plummeted as homebuyer demand quickly absorbed almost everything that came up for sale. Fast-forward to the current housing market, and the places where active inventory has rebounded to 2019 levels (due to strained affordability suppressing buyer demand) are now the very places where homebuyers hold the most power. 


At the end of January 2025, national active inventory for sale was still 25% below January 2019 levels. However, more and more regional markets are surpassing that threshold.


Among the nation’s 200 largest metro area housing markets, 41 markets ended January 2025 with more active homes for sale than they had in pre-pandemic January 2019. These are the places where homebuyers will be able to find the most leverage or market balance in 2025.

Many of the softest housing markets, where homebuyers have gained leverage, are located in Gulf Coast 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, which stretched housing fundamentals far beyond local income levels. 


When pandemic-fueled migration slowed and mortgage rates spiked, markets like Punta Gorda, Florida, and Austin, Texas, faced challenges as they had to rely on local incomes to sustain frothy home prices. The housing market softening in these areas was further accelerated by the abundance of new home supply in the pipeline across the Sun Belt. Builders in these regions are often willing to reduce prices or make affordability adjustments to maintain sales. These adjustments in the new construction market also create a cooling effect on the resale market, as some buyers who might have opted for an existing home shift their focus to new homes where deals are still available.


In contrast, many Northeast and Midwest markets were less reliant on pandemic migration and have less new home construction in progress. With lower exposure to that demand shock, active inventory in these Midwest and Northeast regions has remained relatively tight, keeping the advantage in the hands of home sellers.

Generally speaking, housing markets where inventory (i.e., active listings) has returned to pre-pandemic levels have experienced weaker home price growth (or outright declines) over the past 24 months. Conversely, housing markets where inventory remains far below pre-pandemic levels have, generally speaking, experienced stronger home price growth over the past 24 months.




Source: FastCompany



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By Dusty Rhodes April 7, 2025
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By Dusty Rhodes March 24, 2025
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By Dusty Rhodes March 17, 2025
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If the rest of the home's exterior is already pretty neutral, a door in the same family may have buyers seeing a bland front entrance. Paint your front door these colors Black Black front doors not only made a home seem more appealing, but buyers are more likely to follow up for an in-person tour if the door is black. More Zillow research indicates a black front door is associated with the highest resale price compared to other front door colors like red and blue. This shade could boost an offer price by about $6,450 more than the typical U.S. home value in 2022. That’s a major return on investment considering the cost of a can of paint. Brown Mid-tone brown is one color that prompts buyers to make a higher offer, likely because this rosy, terracotta hue feels more like an oak wood instead of paint, thus its durability and timelessness could prompt shoppers to offer more for a home. Zillow research found this shade is associated with a $300 higher offer compared to an offer for a white front door. Additionally, bathrooms painted terracotta brown, a 2023 color of the year , could help a home sell for $1,624 more than similar homes. White or chalky blue White front doors, along with those painted a chalky blue, bring higher intentions to tour the home, as well as higher general interest from home shoppers. These are classic colors that don't draw much attention, so you can let the rest of the home stand out. Once you can bring prospective buyers through the entryway, your interior staging can do the rest of the work.  Of course, just because you chose your front door color wisely doesn’t mean you can guarantee you’ll maximize the price you’ll ultimately sell for. Numerous other cosmetic factors, including digital curb appeal, could skew a buyer’s perception of your home. It’s also important to consider the color and material of your home’s exterior to determine if a paint color is a good fit. Need more color inspiration? Here are the best colors to paint your home’s interior if you’re looking to sell it.
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