More Choices, Less Stress: Rising Housing Inventory Gives Homebuyers Room To Breathe

Home inventory is on the rise in several of the largest U.S. housing markets, taking pressure off buyers and giving them more time and options.The Minneapolis metro area had the largest bump as of September, with 11,000 active listings—a 31.2% increase from last year, according to the Realtor.com® economic research team’s monthly housing trends report.Minneapolis was followed closely by Seattle, where the active listings increased by 28.5% over last year, and Buffalo, NY, with a 28% increase.Nationally, there are roughly 1.2 million active listings, representing a 5.4% increase over last September. This is an acceleration from August’s year-over-year increase of 3.6% and the fastest year-over-year growth in six months.The national supply of active listings sits just 9.1% below pre-pandemic norms, marking the narrowest inventory gap yet.Of the 50 largest metro areas in the U.S., these 10 saw the largest annual increase in active listing counts in September:Minneapolis, MN: 31.2%Seattle, WA, 28.5%Buffalo, NY: 28%Louisville, KY: 27.1%Providence, RI: 22.4%Richmond, VA: 21.3%Indianapolis, IN: 19.9%Cincinnati, OH: 18%San Jose, CA: 17.4%Cleveland, OH: 16.7%Of the 50 largest metros, 43 saw...