The 18 states back above pre-pandemic 2019 housing inventory levels

National housing inventory rose 3.8% year-over-year, slowing from last year's 20.8% surge, indicating a stable but soft market nationally. Inventory remains 7.7% below pre-pandemic 2019 levels. Most states saw mild inventory growth, with some like Florida experiencing slight declines. Sun Belt and Mountain West markets have inventory near or above 2019 levels due to new home supply and cooling prices. Home prices are mostly flat nationally.