Housing statistics · September 2026 data

Which housing markets have more inventory than before the pandemic?

Active housing inventory sits above the same month in 2019 in 373 of 927 U.S. metros WealthyBud tracks (September 2026). Among metros with at least 100 active listings, Sevierville, TN leads at 311% of its 2019 supply, and 212 of 347 also show price cuts on more than 20% of listings.

Dated capsule: as of September 2026, 373 of 927 U.S. metros had more active listings than the same month in 2019 (Realtor.com history). Article twin of the supply-risk dashboard.

Above 2019 inventory373of 927 metros with history
Largest rebuildSevierville, TN311% of 2019 supply
Median among liquid128%of 2019 inventory · 347 metros

What does inventory above 2019 levels mean?

Inventory versus 2019 compares today's active listings with the same calendar month in 2019, the last full pre-pandemic year in Realtor.com's history file. A reading above 100% means the metro carries more for-sale supply than it did then. As of September 2026, 373 of 927 metros with history clear that bar.

This is the same ratio that powers WealthyBud's supply-risk subscore. Readings far above 100% are where for-sale choice has returned; readings far below 100% mark markets where listings never rebuilt.

Which metros have the most inventory versus 2019?

Sevierville, TN posts the largest rebuild at 311% of 2019 inventory, followed by Sulphur Springs, TX at 286% and Pueblo, CO at 283%. The median metro among the 347 liquid markets above 2019 sits at 128% of its 2019 active listings.

50 metros with the highest active inventory vs the same month in 2019 (September 2026)
#MetroInventory vs 2019Price-cut shareInventory YoYActive listingsMedian list price
1Sevierville, TN311%27.7%+9%2,180$589,500
2Sulphur Springs, TX286%20.7%+7%200$296,888
3Pueblo, CO283%24.4%+9%1,266$344,950
4Clewiston, FL266%20.4%+8%357$329,900
5Ellensburg, WA260%19.9%+34%491$799,495
6Nantucket, MA250%9.9%-17%145$5.87M
7Shelby, NC230%26.8%+21%425$288,700
8Rio Grande City, TX225%7.2%+27%137$227,475
9Bonham, TX223%26.3%-3%265$317,798
10Del Rio, TX222%9.7%+13%286$276,875
11Huntsville, AL216%20.6%+13%3,178$364,900
12Rexburg, ID214%18.8%+11%306$634,900
13Colorado Springs, CO207%30.6%+9%4,266$484,950
14Lewisburg, TN206%23.2%+18%231$381,225
15San Angelo, TX205%17.2%-5%682$309,488
16Granbury, TX204%27.3%-4%650$381,125
17Gaffney, SC201%20.6%+10%163$279,000
18Durant, OK201%15.0%-9%221$275,000
19Idaho Falls, ID199%23.9%+1%682$450,000
20Anderson Creek, NC198%17.9%+20%1,064$340,996
21Columbus, NE198%13.8%+15%176$320,000
22Waco, TX196%19.2%+5%1,642$309,225
23Wildwood, FL194%20.8%-8%593$388,925
24Sherman, TX194%25.6%-2%1,269$344,450
25Brenham, TX193%14.2%-13%160$397,000
26Blackfoot, ID192%23.4%-3%179$439,375
27Kinston, NC188%16.4%+55%194$249,900
28Tyler, TX188%30.6%+3%1,443$364,925
29Corsicana, TX184%20.5%+4%265$322,400
30Winchester, TN184%19.3%+2%318$438,500
31Stephenville, TX184%21.8%-9%200$417,500
32Tullahoma, TN183%21.1%+2%337$374,033
33Killeen, TX183%23.7%-5%2,448$279,000
34Shawnee, OK183%18.9%+6%314$245,750
35Logan, UT182%18.4%+12%572$512,173
36Yakima, WA182%20.9%+26%633$428,213
37Kennewick, WA178%22.9%+16%1,235$499,900
38McMinnville, TN178%24.1%-10%214$338,724
39Kingsville, TX178%22.6%+14%105$170,000
40Mount Pleasant, TX177%23.1%-8%348$277,499
41Gainesville, TX176%20.7%-8%267$402,098
42Brigham City, UT176%31.0%+7%288$474,750
43Olympia, WA176%28.1%+28%1,030$569,500
44Fredericksburg, TX175%10.7%-2%452$745,250
45Aberdeen, WA175%22.4%+4%693$399,900
46Sebring, FL174%20.5%+15%917$284,950
47Henderson, NC173%21.1%+22%104$249,400
48Hinesville, GA172%16.8%+31%778$279,800
49Walla Walla, WA172%24.6%+34%305$525,000
50Athens, TX172%20.7%0%911$363,350

How do price cuts look in markets above 2019 inventory?

Rebuilt supply often meets seller concessions. Across the 347 liquid metros above 2019 levels, the median share of listings with a price cut is 21.1%, versus a 19.5% median across all tracked metros. 212 of those 347 metros have price cuts on more than 20% of listings — a correction-watch combination.

Correction watch: above-2019 inventory and price cuts above 25% (top 25 by cut share)
#MetroInventory vs 2019Price-cut shareDays on market
1New Castle, IN104%35.7%56
2Salt Lake City, UT137%33.6%58
3Eugene, OR129%33.6%63
4Ogden, UT138%33.2%58
5Albany, OR120%32.4%62
6Denver, CO155%32.1%58
7Jacksonville, TX158%31.9%75
8Longview, WA140%31.7%66
9Portland, OR109%31.6%66
10Salem, OR119%31.1%65
11Brigham City, UT176%31.0%65
12Colorado Springs, CO207%30.6%67
13Tyler, TX188%30.6%70
14Baker City, OR127%30.6%99
15Indianapolis, IN112%30.5%53
16Greeneville, TN105%30.5%70
17Greeley, CO137%29.9%53
18Morristown, TN124%29.8%66
19Laurinburg, NC135%29.7%96
20Roseburg, OR110%29.7%86
21Las Cruces, NM150%29.2%93
22Phoenix, AZ144%29.0%62
23Midland, TX113%29.0%55
24Columbus, OH112%28.8%48
25Payson, AZ121%28.7%91

Also see where home prices are falling and the buyer's vs seller's market labels.

What about markets still below 2019 inventory?

554 of 927 metros still hold at or below their 2019 active inventory. Those supply-starved markets are the other end of the same ratio and appear on the supply-risk dashboard. This article focuses on metros that have rebuilt past the pre-pandemic baseline, where more listings give buyers more choices.

Open the supply-risk dashboard for the 25 largest surges and the 25 most supply-starved metros side by side.

How is inventory versus 2019 calculated?

Ratio = active listings in September 2026 divided by active listings in the same month of 2019, times 100, from Realtor.com's residential listings history. The ranked tables require at least 100 active listings today. Price-cut share is the same month's Realtor.com share of listings carrying a price reduction.

  1. Take each metro's active listing count for September 2026 from Realtor.com.
  2. Divide by that metro's active listing count for the same month in 2019.
  3. Multiply by 100. Values above 100 mean more supply than pre-pandemic.
  4. Rank liquid metros (at least 100 active listings) for the tables above.

Frequently asked questions

How many housing markets have more inventory than before the pandemic?
373 of the 927 U.S. metros with 2019 inventory history have more active listings in September 2026 than in the same month of 2019. After requiring at least 100 active listings, 347 metros appear in the ranked tables on this page.
Which city has the highest housing inventory versus 2019?
Sevierville, TN leads among liquid metros at 311% of its 2019 active inventory, with 27.7% of listings carrying a price cut. Sulphur Springs, TX and Pueblo, CO rank second and third See the table and sources on this page See the table and sources on this page.
Why compare inventory to 2019 instead of last year?
Year-over-year inventory can bounce after a thin year. The 2019 baseline answers whether supply has rebuilt past the last normal pre-pandemic year. That is the same ratio behind WealthyBud's supply-risk subscore and the live supply-risk dashboard extremes See the table and sources on this page.
Do markets with high inventory also have more price cuts?
Often. Among the 347 liquid metros above 2019 inventory, the median price-cut share is 21.1%, and 212 of them show cuts on more than 20% of listings. The second table highlights metros that combine rebuilt supply with price cuts above 25%.
Where can I see markets that still have less inventory than 2019?
554 metros remain at or below 2019 active inventory. The supply-risk dashboard lists the most supply-starved extremes alongside the largest surges. This article is the narrative twin focused on metros above the 2019 baseline See the table and sources on this page.
Is high inventory a signal that home prices will fall?
Higher inventory raises buyer choice and often coincides with more price cuts, but it is not a price forecast by itself. Pair inventory versus 2019 with year-over-year list prices, sale-to-list ratios and local jobs data before judging a correction See the table and sources on this page.

Key takeaways

For education only, not real-estate or investment advice. Dated capsule for citation: September 2026.