Housing Inventory & Months Supply: 6‑Month History and Future Projections
Indicator Overview: Inventory measures how many homes are on the market. Months supply divides active listings by the pace of sales, indicating how long it would take to sell existing inventory. Low inventory (under five months) points to a seller’s market and pressure on prices. Realtors reported months supply near 3 months in late 2025 – historically tight.
Six‑Month Trend: Active listings have ticked up slightly from record lows but remain well below pre‑pandemic norms. Builders accelerated completions, yet many homeowners stayed put due to locked‑in low rates.
Six‑Month Forecast: Most analysts anticipate a slow rise in inventory as mortgage rates soften and more sellers enter the market. Months supply may climb toward 3.5–4 months by mid‑2026, easing some price pressures.
Note: The 6‑month trends chart is included on the Real Estate Market Indicators page. Please view there for the latest chart.
