Frothy housing markets saw some of the biggest 2022 inventory spikes

Regional markets back to 2019 inventory levels are shaded blue

PERCENTAGE "OVERVALUED" OR "UNDERVALUED" AS CALCULATED BY MOODY'S ANALYTICS. PERCENTAGE CHANGE IN INVENTORY ON REALTOR.COM BETWEEN November 2021 AND November 2022.
Chart: Lance Lambert SOURCE: MOODY'S ANALYTICS, Realtor.com
Fortune.com