For the first time since 2019, housing inventory across the US has exceeded 4 months of supply, giving buyers more choices and negotiating power in select markets.
Markets Shifting to Buyers
- Austin, TX: 6.2 months supply (was 1.8 in 2022)
- Phoenix, AZ: 5.8 months supply
- Denver, CO: 5.1 months supply
- Nashville, TN: 4.9 months supply
- Raleigh, NC: 4.7 months supply
- Tampa, FL: 4.5 months supply
- Salt Lake City, UT: 4.4 months supply
- Portland, OR: 4.3 months supply
- San Antonio, TX: 4.2 months supply
- Las Vegas, NV: 4.1 months supply
What This Means for Buyers
More inventory means less competition, fewer bidding wars, and more room to negotiate on price and contingencies. Sellers are increasingly offering concessions like paying closing costs or buying down interest rates.
