Nationally aggregated housing inventory increased by 2.1% year-over-year from July 2025 to July 2026, slowing significantly from the 24.7% growth seen the previous year. Inventory remains 9.1% below pre-pandemic 2019 levels, with some regions like the Midwest and Northeast still relatively tight. Active inventory rose by 23,465 homes from July 2025 to July 2026, compared to 218,514 the prior year.