Change Is Good For Inventory

Managing Real Estate Broker with PMI. Destin

More than half of the states had inventory levels in May 2024 that were more than 40% below pre-pandemic (shades of blue), and 9 had inventory levels that were more than 60% below pre-pandemic.  This number continues to improve as the months tick by. 

Real estate is all local and I can report that in my market the inventory is up exponentially.  Quality inventory is a different story.  

Nearly one-third of the active listings in May 2024 came from two states:

Florida (18%) and Texas (13%).

Texas’ active inventory is now 2% ABOVE where it was in May 2019, and Florida’s active inventory is ONLY 4% below.

Not surprisingly, it is in the ‘green states’ on the map that we are seeing the greatest pricing pressure in certain cities.

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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA

Peter Mohylsky, Destin BeachPro I agree with your information. Inventory in Real Estate is the key. 

Jun 19, 2024 08:51 AM