With continual interest rate hikes made by the Federal Reserve beginning in 2022, housing markets across the United States have been experiencing significant disruptions in activity. And this disruption is particularly noticeable in the levels of available housing inventory. Over the course of one year, from 2022 to 2023, countless American housing markets have seen record high percentage increases in their available for-sale inventory. This build-up of homes for sale is a reflection of a slowdown in many housing markets across the nation.
Based on a list of American cities with populations of 200,000 or more, we analyzed 119 housing markets in terms of the change in their available housing inventory year-over-year. To get a more accurate picture of inventory, rather than using monthly inventory, we used a 12-month average — from March 2022 to February 2023 — for our analysis. All housing data was sourced from Redfin
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