Realtor.com: U.S. Housing Inventory +142.1%, Prices +8.1% Despite 7.79% Rates
Realtor.com reports active U.S. housing inventory rose 142.1% since January 2022 while median list prices climbed 8.1% and price per square foot increased 11.4% despite mortgage rates peaking at 7.79%. Western listings jumped 211% and Southern rose 178%, highlighting regional disparities and sustained pricing strength.
1. National Inventory and Pricing Trends
Active U.S. housing inventory surged 142.1% since January 2022, rebounding from historic lows even as mortgage rates peaked at 7.79% and currently hover near 6.10%. Median list price rose 8.1% and price per square foot climbed 11.4%, highlighting price resilience despite elevated borrowing costs.
2. Regional Disparities
Listings climbed 211% in the West and 178% in the South, while the Northeast and Midwest saw more modest increases of 23% and 68% respectively. Only eight major metros posted list price per square foot declines, underscoring uneven supply recoveries across regions.
3. Lock-In Effect and Outlook
With more than half of outstanding mortgages locked in below 4%, many homeowners remain hesitant to sell, limiting new listings. Future affordability and listing growth will depend on whether easing rates can attract sellers without reigniting demand-driven price pressure.