These 16 major housing markets enter spring 2026 with enough supply to create homebuyer deals

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. While active listings are rising year-over-year in most regional housing markets, a slight majority of markets are still below pre-pandemic 2019 inventory levels. Generally speaking, housing markets where inventory (i.e., active listings) has returned to pre-pandemic 2019 levels have experienced weaker home price growth (or outright declines) over the past 42 months. Conversely, housing markets where inventory remains far below pre-pandemic 2019 levels have, generally speaking, experienced more resilient home price growth over the past 42 months. Many of the softest housing markets, where homebuyers have gained the most leverage since the Pandemic Housing Boom ended, are located in Southern and Mountain West regions. Many of those areas were home to many of the nation’s top pandemic boomtowns, which experienced significant home price growth during