Homebuyers have fewer homes to choose from than they did before the pandemic — even as active listings rose more than 36% in July.
But some countries are bucking the trend.
A dozen metros among the 50 largest areas saw higher levels of housing stock compared to typical 2017-2019 levels in July, according to the monthly housing report from Realtor.com®.
These remarkable indicators suggest that certain regions are recovering more strongly – and offer more opportunities for homebuyers in those areas.
“While inventory this July is much improved compared to the previous three years, it is still down 30.6% from typical 2017-2019 levels,” Realtor.com senior economist Ralph McLaughlin says in his analysis.
The disparity in listing levels underscores the long-term effects of the pandemic on housing availability, despite recent improvements.
But with some regions of the U.S. seeing more listings, that’s welcome news for those buyers, McLaughlin adds.
“That usually means more choices, more time and, if it’s big enough, more price cuts,” he says.
This positive change could ultimately lead to a more balanced market and provide relief to buyers who have faced stiff competition and rising home prices in recent years.
Looking for a wide variety of available homes?
These 12 meters saw an increase in housing stock above pre-pandemic levels in July.
Jump in housing stock: 35.5%
Median list price: $539,530
Why Austin?
With an abundance of tech companies, Austin has a strong job market.
Many workers flooded Austin during the pandemic; but now that fewer young workers are moving in, there are more housing options.
The city — home to South by Southwest and the Austin City Limits Music Festival — has a vibrant music scene and vibrant nightlife.
The Texas state capital also boasts a fantastic food culture and plenty of outdoor recreation.
Jump in housing stock: 34.3%
Median list price: $349,898
Why San Antonio?
The Texas city has a large military presence and offers residents ample employment opportunities.
The area is home to two iconic attractions: the San Antonio River Walk and the Alamo.
Texas has no state income tax, so you can get more for your money there.
Jump in housing stock: 26.7%
Median list price: $627,450
Why Denver?
Denver is a nature lover’s paradise.
It is a picturesque town with beautiful mountain peaks, trails and waterfalls just a short drive away.
And you’ll never go thirsty in the Mile High City as it’s famous for its great cafes and breweries.
And with 300 days of sunshine a year, Denver’s weather is another huge benefit.
Jump in housing stock: 18.8%
Median list price: $424,950
Why Tampa?
This Sunshine State city enjoys access to beautiful beaches and plenty of outdoor activities.
It’s also a phenomenal city for sports enthusiasts, being home to the Tampa Bay Buccaneers and several other professional teams.
Jump in housing stock: 13.9%
Median list price: $329,000
Why New Orleans?
The Mecca of Mardi Gras is a wonderful city famous for its colorful history and diverse culture.
Everywhere you turn, there are great food options—including the town’s trademark Cajun and Creole creations.
And because New Orleans is the birthplace of jazz, the live music scene in the French Quarter is unmatched.
Jump in housing stock: 12.7%
Median list price: $450,000
Why Dallas?
This city boasts a thriving job market and an affordable cost of living.
Plus, the nightlife is electric, with its cool bars, high-end restaurants and lively dance clubs.
It’s also a die-hard sports town that staunchly supports its home team, the world-famous Dallas Cowboys.
Jump in housing stock: 12.6%
Median list price: $568,900
Why Nashville?
The “Music City” boasts a low cost of living, especially when compared to other big cities, and no state income tax.
The job market in Nashville is booming.
But it’s not all work and no play – the area’s outstanding restaurants, exciting nightlife and local music scene provide non-stop entertainment.
Jump in housing stock: 12.5%
Median list price: $442,241
Why Orlando?
An ideal home base for those who crave year-round sunshine, the city also has a very strong job market with plenty of employment.
And because the theme parks are numerous, there is always something to do and tourism is booming.
Jump in housing stock: 10.0%
Median list price: $973,875
Why San Francisco?
The beautiful city by the bay has certainly had its challenges recently, but it still boasts countless amenities.
With a spectacular public transportation system, gorgeous green spaces, and diverse neighborhoods, San Francisco continues to be the epicenter for all things tech, and job opportunities abound.
The city is also a center for professional sports, great bakeries and international cuisine, plus a vibrant bar scene.
Jump in housing stock: 7.5%
Average List Price: $419.0 COVID-19 00
Why Jacksonville?
Look no further than the breathtaking white sand beaches.
The Atlantic coast is the perfect place to enjoy boating, kayaking and surfing.
The city also has a thriving economy and employment opportunities are plentiful.
Jump in housing stock: 7.4%
Median list price: $779,975
Why Seattle?
Some of the world’s biggest tech companies, including Amazon and Microsoft, are in Seattle.
This creates many interesting career opportunities.
Plus, the Puget Sound region offers countless activities for outdoor enthusiasts.
Jump in housing stock: 4.1%
Median list price: $347,175
Why Memphis?
The birthplace of the blues offers minimal traffic, shorter commutes and a low cost of living.
And the dining options in Memphis are next-level indulgent — especially the famous soul food and barbecue.
Meanwhile, Elvis Presley’s Graceland is just 10 minutes from downtown.
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