Housing markets where active inventory has risen above pre-pandemic 2019 levels are more likely to see year-over-year home price declines right now

Among the nation's 250 largest metro areas, 91 in May 2025 had active inventory that was above May 2019 levels

Chart: Lance LambertSource: ResiClub's analysis of active inventory data from Realtor.com through end of May 2025, and home price readings from the Zillow Home Value Index through the April 2025 reading published in May 2025Created with Datawrapper