Realtor.com
The U.S. housing market is witnessing a slow but steady shift with increased inventory, offering buyers more options. Some states like Nevada, Maryland, and North Carolina have seen significant year-over-year growth in available homes. According to Realtor.com data, the national inventory of homes for sale rose by 24.8% in July 2025, marking the 21st consecutive month of growth. Despite this, certain states stand out for the most notable changes in inventory levels.
FULL STORY: Homes Are Piling Up on the Market—These States Have Had the Most Dramatic Shifts
Key takeaways
- Nevada, Maryland, and North Carolina lead in year-over-year inventory growth, with Nevada experiencing a 52.9% increase, followed by Maryland at 48.2% and North Carolina at 40.7%.
- California and Arizona also saw substantial inventory growth, with California having a 36.5% increase and Arizona experiencing a 36.3% increase.
- Affordability remains a challenge for buyers, with a 37.6% jump in typical list prices since June 2019 and a surge of nearly 52.3% in price per square foot.
- South Florida and Colorado are experiencing shifts due to increased listings, affecting market dynamics and leading to longer selling times.
- While buyers in states with rising inventory may find more choices and less competition, economists caution that without price and rate adjustments, many buyers may still face affordability challenges.
This summary has been generated with AI tools and edited by Realtor.com News & Insights editors. The full story, written and edited by Realtor.com News & Insights newsroom journalists, is linked at the top of the summary.