Summary
Housing inventory in the United States increased by 26% as of July 2025, reaching its highest level since at least 2017. Raleigh, North Carolina, saw the biggest rise in available homes. Experts predict varying affordability trends across regions due to differing local factors.
Key Facts
- Raleigh, North Carolina, had the largest increase in housing inventory, with a 54.5% rise.
- The overall housing inventory in the U.S. increased by 26% in July 2025 compared to the previous year.
- The total number of homes for sale in November 2025 was 1,914,725, which is up 6.4% from the year before.
- The number of homes that went under contract in November 2025 was 363,194, a 6.7% decrease from the previous year.
- Some metro areas in the Sun Belt, like Las Vegas and Miami, also saw significant inventory increases.
- Despite more homes being available, housing affordability remains an issue due to high costs.
- Experts predict income growth may help improve affordability as it may outpace home price increases.
- Key regions may experience different trends based on local affordability, job conditions, and insurance costs.
