The national housing inventory has finally broken out of its historic shortage, with 40% more homes listed for sale compared to April 2025 — the largest year-over-year increase in a decade.
Inventory Numbers
- Active listings: 1.45 million (up 40% YoY)
- New listings per month: 420,000
- Months of supply: 4.2 (up from 2.8)
- Days on market: 34 (up from 21)
What This Means for Buyers
More inventory means more negotiating power, fewer bidding wars, and more time to make decisions. Sellers are increasingly offering concessions including rate buydowns and closing cost credits.
However, prices remain elevated in most markets, with the national median at $412,000 — still 35% above pre-pandemic levels.
