As we enter the heart of the spring housing season, a clear trend is emerging across the country: housing inventory is rising, giving buyers more options and shifting the dynamics in many U.S. real estate markets.
According to ResiClubโs latest market data, active housing inventory was up 28.5% nationally at the end of March compared to the same time in 2024. Thatโs a major jump โ and a sign that the tide may be turning.
๐ What the Data Shows
Hereโs a breakdown of the latest national housing inventory trends:
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๐ Inventory remains 20% below March 2019 levels (pre-pandemic), but the gap is narrowing fast.
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๐ Almost every U.S. market saw an increase in active listings over the past 12 months.
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๐ Regions like the Gulf Coast (Tampa, New Orleans) and Mountain West are now above their pre-pandemic inventory levels.
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๐งญ In contrast, the Midwest and Northeast are still lagging behind 2019 numbers.
๐ผ Buyer vs. Seller Leverage in Major Markets
Among the 50 largest U.S. metros:
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โ Buyers have the most leverage in Denver and Austin, where inventory has surged and price growth has slowed.
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๐ฅ Sellers hold the upper hand in Hartford and Providence, where inventory is still tight and competition remains fierce.
In Los Angeles, inventory is gradually rising, though we’re not quite back to 2019 levels yet. That means sellers still have the edge โ but buyers are starting to gain ground, especially at higher price points or in neighborhoods with new construction.
๐ง What This Means for Los Angeles Buyers and Sellers
For buyers in LA: More listings mean more choices โ and in many cases, greater negotiating power. You may start seeing longer days on market, price reductions, or seller incentives (like mortgage rate buy-downs). Donโt wait too long though โ once the Fed lowers rates, demand could spike again.
For sellers: The window to maximize pricing power may be closing in certain parts of Los Angeles. If youโre thinking about selling in 2025, now may be your best opportunity to get ahead of rising inventory and cooling competition.
๐ฎ Whatโs Next?
ResiClub projects that by the end of 2025, weโll see between 170,000 to 250,000 more homes for sale nationwide compared to December 2024 โ bringing us close to 2019 inventory levels.
That could mark a significant shift in pricing power. Markets with increased supply are more likely to see flattening or declining prices, while areas where inventory remains tight may continue to see appreciation.
In Westside Los Angeles, this will likely translate to a more balanced market โ especially in Brentwood, Santa Monica, Pacific Palisades, and Beverly Hills โ where luxury inventory has been gradually climbing.
๐ Contact Abdo Pierre Faissal for unparalleled real estate service.
๐ง [email protected] | ๐ฒ 310-620-1038