Observing the latest national inventory trends, it’s clear that active listings have continued their gradual climb—reaching 1.14 million by mid-Q3 2026, a modest 4% increase over last year’s 1.1 million. This is a notable slowdown compared to the robust 21% growth we saw a year ago, reflecting how quickly market dynamics can shift. Even with this improvement from the recent low of around 2% growth in late Q2, the pace remains measured. By the close of mid-Q3, 18 states and DC had surpassed their pre-pandemic 2019 inventory levels, but nationwide, we’re still about 8% below where we stood in 2019, with 1.14 million active listings versus 1.24 million. As someone who’s navigated shifting supply cycles for over three decades, I see this softening as a sign of a market finding its equilibrium—flat prices and a gentler adjustment after the post-boom years. With higher yields and mortgage rates on the horizon, both buyers and sellers will need to stay informed and adapt as momentum is tested. My focus remains on providing clarity and insight for anyone making decisions in this evolving landscape.

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