10 Cities Where Home Inventory is Growing Fast

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The past year – and especially the summer – has been a frantic race for housing markets. But there are growing signs of a return to normal.

For example, we recently identified “10 markets where house prices could fall by 20%” and a new Realtor.com analysis points to many markets where the number of homes for sale is increasing rapidly.

Here’s a look at the places that have seen the biggest increases in home inventory over the past year.

1. Phoenix

Phoenix, Arizona
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Increase in active home listings between July 2021 and July 2022: 158.7%

The inventory of houses continues to expand in the Valley of the Sun. It probably helps that the city is among the “10 markets with the most canceled home sales” — perhaps because buyers are becoming more discerning and patient as the options open up and the competition wanes.

2.Austin, Texas

Townhouses in Austin, Texas
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Increase in active home listings between July 2021 and July 2022: 154.5%

As the saying goes, everything is bigger in Texas. This is true not only for the number of houses for sale, but also for their prices. Austin remains a very overvalued housing market, we recently reported.

3. Raleigh, North Carolina

Raleigh, North Carolina
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Increase in active home listings between July 2021 and July 2022: 137.5%

Opportunities for home buyers are booming in Raleigh. And there seems to be a lot of work to do too. The North Carolina capital was among the “15 cities with the most job gains in 2021”.

Top 10

Nashville, TN
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Here are the other cities that are seeing the biggest percentage increase in the number of active real estate listings:

  • Nashville, TN: 121.9%
  • Seattle: 103.8%
  • Tampa, Florida: 91.9%
  • Vegas: 83.3%
  • Dallas: 81.2%
  • Riverside, California: 76.5%
  • Sacramento, California: 72.3%

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