Housing Inventory Hits 1.62 Million — 4.9 Months’ Supply, Highest in Over a Decade

With U.S. housing inventory now at 1.62 million homes—representing a 4.9 months’ supply—we’re seeing the highest level of available homes in over a decade. This shift, driven by higher mortgage rates and a slower sales pace, is changing the landscape for both buyers and sellers. For buyers, more choices mean the opportunity to be selective and negotiate. For sellers, it’s essential to price homes competitively from the outset. Drawing on my background in both real estate and mortgage lending here in Las Vegas, I’ve seen firsthand how a market with more inventory can open doors for well-prepared buyers while challenging sellers to adapt their strategies.